Which one of the following transactions would be recorded on the debit side of the bank general ledger account during the bank reconciliation process for a business for September 2... Which one of the following transactions would be recorded on the debit side of the bank general ledger account during the bank reconciliation process for a business for September 2023?
Understand the Problem
The question is asking which transaction should be recorded on the debit side of the bank general ledger account for a business during the bank reconciliation process for September 2023. It requires understanding bank reconciliation principles and the nature of the transactions listed.
Answer
The bank charges for the month were R95.00.
The bank charges for the month were R95.00.
Answer for screen readers
The bank charges for the month were R95.00.
More Information
Bank charges decrease the bank balance, so they are recorded on the debit side of the bank general ledger.
Tips
Common mistakes include confusing debits and credits or misidentifying transactions that increase the balance.
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