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A business banked takings from cash sales of $12 300. The debit and credit entries are: a. debit sales $12 300; credit cash $12 300.
A business banked takings from cash sales of $12 300. The debit and credit entries are:
a. debit sales $12 300; credit cash $12 300.
b. debit cash $12 300; credit debtors $12 300.
c. debit cash $12 300; credit creditors $12 300.
d. debit cash $12 300; credit sales $12 300.
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