Accountancy, asked by devroy28, 5 months ago

Interest on overdraft charged by bank is ...... in pass book.

Answers

Answered by kavanapoojary56

1

Answer:

Interest charged by bank is an expense for the business. ... So, when overdraft as per pass book is the starting point for preparing bank reconciliation statement, interest charged by bank will be deducted to arrive at the balance as per cash book at the end.

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Answered by Anonymous

1

Answer:

Debited

Explanation:

Chapter 6: Bank Reconciliation Statement

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