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From course:

Basic Financial Accounting Short Questions

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Question:

Which of the following are correct? Transaction: Debit: / Credit: (1) Paid for advertising by cheque- Advertising / Bank (2) Sold van for cash (the company's normal operations does not involve selling of vans)- Cash / Sales (3) Owner withdrew cash for personal use- Cash / Drawings (4) Paid for rent by direct debit- Rent / Bank Select one alternative: A (1) and (3) only B (2) and (3) only C (1) and (2) only D (1) and (4) only

Author: Gonza R



Answer:

B (2) and (3) only


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Author

Gonza R
Gonza R