Which of the following accounting entries are correct? (a) Goods purchased on credit for sale (b) Credit
Question:
Which of the following accounting entries are correct?
(a) Goods purchased on credit for sale
(b) Credit sale to Paul
(c) £400 paid to Peter for goods purchased on credit
(d) £900 received from customer John for goods sold
Transcribed Image Text:
Debit Credit Cash account Sales a/c Paul's account Sales a/c Peter's account Cash a/c Cash account John's a/c a All ba, b c b, c, d dc, d
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c b Credit sale to Paul ...View the full answer
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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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