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When Posting Cash Receipts in the Cash Book to the Nominal

Question 7

Multiple Choice

When posting cash receipts in the cash book to the nominal ledger, the double entry increases the balance on the cash account and:
Please select all that apply.


A) Increases the balance on asset accounts
B) Increases the balance on income accounts
C) Increases the balance on capital accounts
D) Increases the balance on liability accounts

Correct Answer:

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