The ledger entries to be made if cash sales is banked is debit
FINANCIAL
JAMB 2015
The ledger entries to be made if cash sales is banked is debit
- A. cash, credit sales
- B. sales, credit cash
- C. bank, credit cash
- D. bank, credit sales
Correct Answer: D. bank, credit sales
Explanation
Debit Bank Account and Credit sales - this highlights that you have taken the cash
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