The ledger entries to be made if cash sales is banked is ...
The ledger entries to be made if cash sales is banked is debit
Cash, credit sales
Sales, credit cash
Bank, credit cash
Bank, credit sales
Correct answer is D
Debit Bank Account and Credit sales - this highlights that you have taken the cash “out of your pocket” and put it in to your bank account.
Yahuza Enterpises Trial Balance (Extracts) as at Dec. 31, 1998. Capital Premises 90,000 21,000 D...
The accounting entries used to record a cheque issued by a business is to? ...
Which of the following items is a tangible asset? ...
The amount by which assets exceed specific liabilities is called ...
The difference between factory cost of goods produced and its market value is ...