Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A business pays part of its trade payables by cheque. What is the proper double entry to record this transaction? Debit bank, Credit payables O

image text in transcribed

A business pays part of its trade payables by cheque. What is the proper double entry to record this transaction? Debit bank, Credit payables O Credit bank, Credit payables O Debit payables, Credit bank Debit payables, Debit bank

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

4 Column Ledger Book Large Simple Four Column For Bookkeeping Accounting And Personal Use

Authors: Prunella G. Adam Books Publishing

1st Edition

B0C9SDLSLK

More Books

Students also viewed these Accounting questions

Question

Which port and protocol are used by Syslog?

Answered: 1 week ago