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Included in the Bank Statement Was a Credit Received from a Customer

Question 26

Multiple Choice

Included in the bank statement was a credit received from a customer to settle their account.What entry is required in the company's accounts?


A) Dr Cash \quad \quad \quad Cr Accounts receivable
B) Dr Cash \quad \quad \quad Cr Sales
C) Dr Accounts receivable \quad Cr Cash
D) Dr Sales \quad \quad \quad Cr Cash

Correct Answer:

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