The bank statement reports a credit transfer of 400 from a customer on 29 July. Accounting entries
Question:
The bank statement reports a credit transfer of £400 from a customer on 29 July. Accounting entries for this are:
(a) A debit in the Cash account and a credit in the account of the debtor concerned
(b) A debit in the Bank account and a credit in the Cash account
(c) A debit in the account of the debtor concerned and a credit in the Bank account
(d) A debit in the Bank account and a credit in the account of the customer concerned
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
d A debit in the ...View the full answer
Answered By
Loise Ndungu
I have five years of experience as a writer. As I embark on writing your papers from the prologue to the epilogue, my enthusiasm is driven by the importance of producing a quality product. I put premium product delivery as my top priority, as this is what my clients are seeking and what makes me different from other writers. My goal is to craft a masterpiece each time I embark on a freelance work task! I'm a freelance writer who provides his customers with outstanding and remarkable custom writings on various subjects. Let's work together for perfect grades.
78+ Reviews
224+ Question Solved
Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
