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When a firm writes a check, there is an immediate decrease in the balance, but no immediate change in the balance.

a) Bank; ledger
b) Ledger; book
c) Bank; collected
d) Book; bank

User Wassup
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1 Answer

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Final answer:

When a firm writes a check, there is an immediate decrease in the balance in the firm's books or ledger, but no immediate change in the bank balance.

Step-by-step explanation:

The correct choice is d) Book; bank.

When a firm writes a check, it decreases its balance immediately. This decrease is reflected in the firm's books or ledger.

On the other hand, there is no immediate change in the bank balance when a firm writes a check. The bank will process the check and decrease the firm's balance in its ledger.

User SanthoshSolomon
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