Of the following, which are incorrect? (A) (ii) and (iv) only (B) (i) and (ii) only (C)
Question:
Of the following, which are incorrect?
(A) (ii) and (iv) only
(B) (i) and (ii) only
(C) (i) and (iii) only
(D) (ii) and (iii) only
Transcribed Image Text:
(i) Sold van for cash (ii) Bought stationery by cheque (iii) Took cash out of business for private use (iv) Paid general expenses by cheque Account to be debited Cash Stationery Cash General expenses Account to be credited Sales Bank Drawings Bank
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The correct answer is D ii and iii only Explanation For ii Bought ...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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