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.
Bank reconciliation statement reconciles ...
In a petty cash book the imprest is N1380. Expenses: Stationery N350 Cleaning material N335 Gene...
Items on the left-hand side of a total debtors account are debits in the ...
Four broad classifications of overheads are ...
The issued share capital is the number of shares that are ...
As evidence of payments to a government ministry, the revenue collectors will issue? ...