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.
The type of expense charged against administration of a firm is the? ...
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If sales return is understated, it implies that ------------------------------ is overstated ...
The effect of the payment of liability is that it ...
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Direct material + direct expenses is ...
Which of the following statements is not true? ...
Use the following information to answer the given question \(\begin{array}{c|c} & D\\ \hlin...