Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 9 - No. 35)
Goods sold for cash or the payment by cheque are recorded in the sales account in the general ledger, which of the following is correct?
Debit the account with the cash received.
Credit the account with the cash received.
Debit the account for the month with the cash received and bank account.
Debit Inventory.
Explanation
Credit the account with the cash received.
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