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When the bank pays a cheque written by the company, it would: debit the cash account on the company's books. credit the customer's bank account.
When the bank pays a cheque written by the company, it would:
debit the cash account on the company's books.
credit the customer's bank account.
debit the customer's bank account.
No increase or decrease is made to the company's bank account.
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Public Sector Audit
Authors: Carolyn J. Cordery, David C. Hay
1st Edition
0367650622, 9780367650629
