Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company sold goods worth AED5.000 on credit. Which of the following are the the correct journal entries? A. Dr Cash AED5,000 Cr Accounts

image text in transcribed

A company sold goods worth AED5.000 on credit. Which of the following are the the correct journal entries? A. Dr Cash AED5,000 Cr Accounts receivable AED5,000 B. Dr Accounts receivable AED5,000 Cr Sales revenue AED5,000 C. Dr Sales revenue AED5,000 Cr Accounts receivable AED5,000 D. Dr Accounts payable AED 5,000 Cr Sales revenue AED 5,000

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

Cornerstones of managerial accounting

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

5th edition

978-1305302327, 130530232X, 978-1133943983

More Books

Students also viewed these Accounting questions