Accounting entries for recording payment of a telephone bill are: (a) Debit Capital and credit Cash account
Question:
Accounting entries for recording payment of a telephone bill are:
(a) Debit Capital and credit Cash account
(b) Debit Cash account and credit Telephone expenses account
(c) Credit Cash account and debit Telephone expenses account
(d) Credit Cash account and debit Office equipment account
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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