The entry to record the collection of cash from Sundry Debtors would involve a
(i) Debit to Sundry Debtors
(ii) Debit to Cash Account
(iii) Credit to Sundry Debtors
(iv) Credit to Cash Account
A) Only (i) above
B) Only (iii) above
C) Both (ii) and (iii) above
D) Both (i) and (iv) above
Correct Answer:
Verified
Q11: Which of the following is not an
Q12: The process of balancing of an account
Q13: Ledger is also called
A)Principal book of accounts
Q14: Which of the following transactions of a
Q15: Which of the following statements is/are true?
(i)
Q17: ABC Ltd. makes payments to its Sundry
Q18: R Ltd. makes purchases on credit. If
Q19: If Office Equipment is purchased for cash,
Q20: The periodical total of discount column on
Q21: Which of the following statements is false?
A)Credit
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