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#1 2018-08-07 03:41:29

Muhammad
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بِسمِ اللَّهِ الرَّحمٰنِ الرَّحيمِ
From: Sahiwal Division
Registered: 2012-03-22
Posts: 22,033
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Financial Accounting Quiz MCQs Quiz Question.

Accounting Quizzes Financial Accounting Quiz MCQs

Question:
Jolly Roger is owed $1000 by Buck O'Nere for lead shot that he has supplied. The figure of $1000 should be recorded as:

Option A):
A debit of $1000 to accounts receivable.
Option B):
A debit of $1000 to sales.
Option C):
A credit of $1000 to purchases.
Option D):
A credit of $1000 to accounts receivable.

Correct Answer is Option A):
A debit of $1000 to accounts receivable.


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2018-08-07 03:41:29

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