Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A customer, Neil, pays the business by cheque for goods previously bought by him on credit. which entries record the payment in the business' legers?

A customer, Neil, pays the business by cheque for goods previously bought by him on credit. which entries record the payment in the business' legers?

ACCOUNT TO BE DEBITED ACCOUNT TO BE CREDITED

A) trade payables bank

B) bank trade payables

C) bank trade receivables

D) trade receivables 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

More Books

Students also viewed these Accounting questions