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 partner whose liability goes beyond his capital is a ...
Use the following to answer the given question Creditors Control Account: \(\begin{array}{c|c}...
Use the following to answer the given question \( \begin{array}{c|c} \text{Purchases} & 2,0...
Use the following information to answer the given question. \(\begin{array}{c|c} & ₦\\ \hli...
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
An ordinary share of N80 was issued at N96. The share was issued at? ...
Which of the following items is not contained in the Receipts and Payments Account? ...