If a company is owed $100 000 by the bank, why would it appear as a DR
Question:
If a company is owed $100 000 by the bank, why would it appear as a DR in the company’s ledger accounts and a CR on the bank statement?
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In accounting debits DR and credits CR are used to record transactions based on the accounting equat...View the full answer
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Krishnavendra Y
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Related Book For 
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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