Dawes Pty Ltd Received Its Monthly Bank Statement Showing Bank $\quad$

question 26

Short Answer

Dawes Pty Ltd received its monthly bank statement showing bank charges of $20.The transaction should be recorded as:
A. DR Cash $\quad$ CR Bank charges

B. DR Accounts payable $\quad$ CR Cash

C. DR Bank charges $\quad$ CR Cash

D. No record is necessary.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean.

Sampling Distribution

The probability distribution of a given statistic based on a random sample.

Chi-square Distribution

A probability distribution commonly used in statistical significance tests.

Quantity

A property that can exist as a multitude or magnitude, often measured and expressed as a number.