State whether the following statement is True or False.
Bank charges are recorded on the credit side of a cash book.

True

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False

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Solution

The correct option is A True
True. Cash book shows the movement of cash from the business's perspective. It is debited when cash comes in and credited when cash goes out. So when bank charges are paid by the customer/ business, he credits the cash book to record the same.

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State whether the following statement is True or False.Bank charges are recorded on the credit side of a cash book.

The correct option is A TrueTrue. Cash book shows the movement of cash from the business's perspective. It is debited when cash comes in and credited when cash goes out. So when bank charges are paid by the customer/ business, he credits the cash book to record the same.

State whether the following statement is True or False.
Bank charges are recorded on the credit side of a cash book.

The correct option is A True
True. Cash book shows the movement of cash from the business's perspective. It is debited when cash comes in and credited when cash goes out. So when bank charges are paid by the customer/ business, he credits the cash book to record the same.