When a business pays its electricity bill by cheque the double entry is:
A) Debit: Heat and light account Credit: Bank account
B) Debit: Cash account Credit: Heat and light account
C) Debit: Heat and light account Credit: Cash account
D) Debit: Bank account Credit: Heat and light account
Correct Answer:
Verified
Q1: Which of the following statements is true?
A)
Q2: The trading and income statement:
A) Is only
Q4: When a business purchases goods on credit
Q5: A debit balance on a ledger account
Q6: When goods that were sold on credit
Q7: What transaction is represented by the entries?
Q8: What transaction is represented by the entries?
Q9: What transaction is represented by the entries?
Q10: What transaction is represented by the entry?
Q11: Which of the following are correct?
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