Which of the following correctly records the sale of a lorry paid for by cheque by D. Watson (assume No profit or loss on the sale and the entity's bank account is in overdraft) :
A) Dr. Motor vehicles account Cr. Bank account
B) Dr. Bank account Cr. Motor vehicles account
C) Dr. Motor vehicles account Cr. D. Watson account
D) Dr. D. Watson account Cr. Motor vehicles account
Correct Answer:
Verified
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?
Q12: Which of the following are incorrect?
Q13: Which of the following are not entered
Q14: Which of the following correctly records the
Q15: Which of the following correctly records the
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