Accounting

exams.zuj.edu.jo C USEFUL LINKS EN O A _ Q . My Courses Time left 0:27:52 Ahmed is a client of the Arab bank (Amman ), he would like to transfer JD 1000 to his brother in Aqaba who is a clint of Al-Ahli bank, by issuing an internal draft through The Arab Bank to Al-Ahli Bank. The Arab Bank charged Ahmed 2% commissions and it deducted the total amount from his current account. The entry to be recorded on the Arab bank's books when it receives a notice from Al-Ahli bank that the draft has been paid to the beneficiary in Aqaba is: Select one: O Dr. Internal drafts - in 1000 Cr. Treasury 1000 O Dr. Client's current A/C 1020 Cr. Internal drafts - out 1000 Cr. Commission revenue 20 O Dr. Internal drafts - out 1000 Cr. Al-Ahli Bank - drafts 1000 Dr. Arab Bank - drafts 1000 Cr. Internal drafts - in 1000