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Dawes Pty Ltd received its monthly bank statement showing bank charges of $20.The transaction should be recorded as:
A. DR Cash CR Bank charges
B. DR Accounts payable CR Cash
C. DR Bank charges CR Cash
D. No record is necessary.
Voidable
A contract or transaction that is legally valid but may be declared void by one of the parties.
Unenforceable
Refers to a contract or clause that, due to legal deficiencies or fairness issues, cannot be compelled or enforced by law.
Annullable
Refers to something that can be declared void or invalid, usually in a legal context.
Unintentional
An action or outcome that occurs without a deliberate plan or purpose.
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