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Q. |
Which of the following statements is true? |
A. | Bank charges increase debit balance shown as per Bank Column of the Cash Book. |
B. | Bank charges increase debit balance as per Bank pass book. |
C. | A cash sale of a non-trading asset is recorded in the journal proper. |
D. | Cash discount allowed by the business will appear on the debit side of the debtor‘s account. |
Answer» B. Bank charges increase debit balance as per Bank pass book. |
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