Accounting · Subsidiary Books
Which of the following subsidiary books would a bank use to record a transaction where a customer’s bill of exchange, previously accepted by the bank, is settled on its due date via an automated clearing house (ACH) payment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Purchase Book
- 2Journal Proper
- 3Cash Book (Bank Column)✓
- 4Bills Payable Book
Correct answer
Cash Book (Bank Column)
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