Question
61. Kleen Windows received $770 (including GST) from its customer John Jones for services previously supplied to him on credit. Which of the following entries
61. Kleen Windows received $770 (including GST) from its customer John Jones for services previously supplied to him on credit. Which of the following entries correctly records this receipt?
a. DR Debtors $770; CR Bank $770 b. DR Bank $770; CR Debtors $770 c. DR Bank $770; CR Services revenue $700; CR GST payable $70 d. DR Debtors $770; CR Services revenue $700; CR GST payable $70
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Audit Effectiveness Meeting The IT Challenge
Authors: Kamil Omoteso
1st Edition
1409434680, 9781409434689
