Which of the following accounting entries are correct? Transaction Prime entry Sales Day Book (a) Credit sale
Question:
Which of the following accounting entries are correct?
Transcribed Image Text:
Transaction Prime entry Sales Day Book (a) Credit sale (b) Goods returned by customer Purchases Returns Day Book (c) Cash purchases Purchases Day Book (d) Goods returned to supplier Sales Returns Day Book Double entry Debit Credit Customer Sales Sales Purchases Supplier Customer Cash Cash a All b D a ca, b, c da, b
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
b Transaction a Cre...View the full answer
Answered By
Vijesh J
My passion to become a tutor is a lifetime milestone. Being a finance and marketing professional with hands-on experience in wealth management, portfolio management, team handling and actively contributing in promoting the company. Highly talented in managing and educating students in most attractive ways were students get involved. I will always give perfection to my works. Time is the most important for the works and I provide every answer on time without a delay. I will proofread each and every work and will deliver a with more perfection.
4.70+
5+ Reviews
15+ Question Solved
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
Students also viewed these Business questions
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
IBM sold 20 computers on account of Saturn Technology whose unit sale price of computers is $1000. Both companies use perpetual inventory systems and the unit cost of computers is $500. Which journal...
-
MULTIPLE-CHOICE QUESTIONS 1. The auditor discovers various errors in the client's financial statements during the audit. At the end of the audit, these misstatements are analyzed to determine if they...
-
What approaches to recruitment can an employer adopt in order to create and project a positive public image?
-
How long would it take a 4.50-kW motor to raise a 175-kg boiler to a platform 15.0 m above the floor?
-
In a random sample of 150 business graduates 50 agreed or strongly agreed that businesses should focus their efforts on innovative e-commerce strategies. Test at the 5% level the null hypothesis that...
-
A wire \(70.0 \mathrm{~mm}\) long is bent in a right angle such that the wire starts at the origin and goes in a straight line to \(x=30.0 \mathrm{~mm}, y=0\), and then in another straight line from...
-
Chuck Sox makes wooden boxes in which to ship motorcycles. Chuck and his three employees invest a total of 40 hours per day making the 120 boxes. a) What is their productivity? b) Chuck and his...
-
Assuming a rate of return of 8%, calculate the monthly savings needed for education assuming that savings will continue until the children's college education is completed. Education Because of the...
-
What would be the impact on the Trial Balance of each of the following errors? (a) A copy of sales invoice for 4,000 is not recorded in the Sales Day Book (b) A suppliers invoice for 2,500 is posted...
-
Shown on the left is the Statement of financial position of a business owned by Hilda Baker and listed below are the transactions during the next week: Note: assume that cheques received from...
-
Watch this video on how 3D printing is spurring advances in manufacturing. How are technologies like this poised to influence the economy, society, and the jobs of the future? Work with classmates to...
-
You are told that a security pays $55 in one year and $133 in three years. Find the appropriate interest rate on this security to get you a present value of $150?
-
In a gamble the executives contextual analysis, what are some key gamble the board strategies that organizations can utilize to successfully moderate likely dangers? Explain
-
Your friend approached you and offered you an investment that is expected to produce $300,000 in 60 months. If you want to earn 5% per annum, compounded monthly, how much should you offer to pay for...
-
A1 mx 1 m (square) vertical pier supports a bridge over an Alaskan river. Determine the force (loading) on the pier by a 10 m x 10 m ice floe that is 1 m thick, and carried by the river. Assume an...
-
Did the USD appreciate/depreciate relative to these currencies during the crisis 2008-2009? What could be a reason for this? What was the most recent US dollar dynamics versus these currencies?
-
Determine the area under the standard normal curve that lies between (a) z = -2.55 and z = 2.55 (b) z = -1.67 and z = 0 (c) z = -3.03 and z = 1.98 Find the indicated areas. Be sure to draw a standard...
-
Classify each of the following activities as proper or prohibited under the various consumer statutes you have studied. a. Calling a hospital room to talk to a debtor who is a patient there. b....
-
Preparing lessors journal entries for an operating lease and a capital lease. Sun Microsystems manufacturers an engineering workstation for $7,200 and sells it for $12,000. Although the workstation...
-
Preparing lessees journal entries fur an operating lease and a capital lease. On January 1, 2008, Baldwin Products, as lessee, leases a machine used in its operations. The annual lease payment of...
-
Accounting for long-term bonds. The notes to the financial statements of Aggarwal Corporation for 2008 reveal the following information with respect to long-term debt. All interest rates in this...
-
We are working on a project about digital marketing and AI, for example (digital marketing and chat GPT). I want your help with Photo editing/organizing and Video Recognition with AI - how AI...
-
Respond with a value added contribution with reference to the discussion below TOPIC 2:Supply Chains PROMPT:Choose a product that you used today. Look up where it was made and the different channel...
-
Leaders at Sport Retailers R US have an informal, open-door policy and allow for "spur of the moment" meetings and "hallway" discussions. The leaders at Sport Retailers R Us are addressing this...
Study smarter with the SolutionInn App