Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 2 - No. 35)
If a business receives cash for goods sold, which of the following is true?
Debit Sales, Credit Cash.
Debit Cash, Credit Sales.
Debit Purchases, Credit Bank.
Debit Bank, Credit Purchases.
Explanation
The correct entry is a debit to the cash account and a credit to the sales account.
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