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Question - Suppose a customer deposited $800 against an invoice directly into your bank account, what is the entry to record this transaction in the ledger accounts?

Select one:

a. Dr Cash, Cr Accounts Receivable

b. Dr Accounts Payable, Cr Cash

c. Dr Cash, Cr Accounts Payable

d. Dr Accounts Receivable, Cr Cash

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92480000
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