Multiple Choice
Ignoring GST, which of the following entries correctly records the receipt by Swift Garden Maintenance of $500 in cash for gardening services?
A) DR Bank $500; CR Services $500
B) DR Services $500; CR Bank $500
C) DR Bank $500; CR Debtors $500
D) DR Equity $500; CR Services $500
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Jones Cleaning Services purchased 12 months' worth
Q3: An entity repays $2000 of an existing
Q4: In the expanded version of the accounting
Q5: What is the correct order in which
Q6: Which of the following represents the accounting
Q7: A list of ledger accounts and their
Q8: The system of accounting where each transaction
Q9: In order to provide timely information for
Q10: A listing of the complete ledger account
Q11: Which of these events would be recorded