Question: Indicate whether the general ledger accounts will be Debited or Creidited when recording the following entries 1.Settle the telephone account of R250 - Accounts payable:Debited

Indicate whether the general ledger accounts will be Debited or Creidited when recording the following entries

1.Settle the telephone account of R250

- Accounts payable:Debited - Accounts payable:Credited

2. Accrual Accounts does not recognize depreciation of assets as an adjustment entry? -True or Fales

3. All Accounts reported in statement of Comprehensive income are closed annually against the profit and loss account? -True or False

4.General ledger Accounts are the first part of entry of transaction? -True or False

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