Which of the following is correct?
When a company receives £500 from B. Nice the following happens:
A) Nice's account in the purchase ledger is credited with £500
B) Nice's account in the purchase day book is credited with £500
C) Nice's account in the sales ledger is credited with £500
D) Nice's account in the sales day book is credited with £500
Correct Answer:
Verified
Q1: Day books are used:
A) Because of the
Q2: Which of the following books is regarded
Q3: Details of the transactions on a non-current
Q5: Which of the following is correct?
When goods
Q6: A supplier sends you a statement showing
Q7: Which of the following would be recorded
Q8: Which of the following would be recorded
Q9: J. Smith returned goods with a
Q10: J. Smith returned goods with a value
Q11: The total amount owing from customers is
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