Multiple Choice
A journal entry which records revenue must include:
A) A debit to Cash.
B) A credit to a revenue account.
C) A credit to the equity account.
D) A debit to the equity account.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q27: A trial balance cannot be distributed to
Q30: The purchase of office equipment at a
Q33: If ledger accounts are maintained in three-column,
Q45: A trial balance proves that equal amounts
Q54: Accounts are usually arranged in the ledger
Q58: Recording transactions in general journal<br>Enter the
Q60: The following entry appears in Martin
Q75: The running balance form or the T
Q86: Which of the following errors would not
Q140: Every transaction affects equal numbers of ledger