Maria receives notice from her customer Joseph that he has no cash with which to pay what he owes to his suppliers. Joseph owes Maria £500. Which one of the following is the correct double entry to record this event in Maria's books of account?
A) Debit cash £500, Credit irrecoverable debts £500
B) Debit sales £500, Credit cash £500
C) Debit irrecoverable debts £500, Credit trade receivables £500
D) Debit sales £500, Credit trade receivables £500
Correct Answer:
Verified
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