ALL CHAPTERS
ALL CHAPTERS
QUESTION 1 OF 15
CHAPTER 8
Bank Reconciliation and Internal Control
The following statements describe the business’ Cash at bank Account. Which statement is incorrect?
Choose one answer
A
When trade receivables settle their debts, the Cash at bank Account is debited.
B
When cash is deposited directly into the bank account, the Cash at bank account is credited.
C
The Cash at bank Account has a credit balance when the cash outflows exceed the cash inflows.
D
The Cash at bank Account can have a debit or credit balance.
CHECK ANSWER
