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Please could you assist me with the attached question? If a member gave a club refreshments worth R600 instead of membership fees for the same
Please could you assist me with the attached question?
If a member gave a club refreshments worth R600 instead of membership fees for the same amount, what will the entry for this transaction be the books of the club? Description Debit R 600 Credit R Dr. Refreshments Cr. Membership fees 600 B. Description Debit R Credit R 600 Dr. Membership fees Cr. Refreshments 600 C. Description Debit R 600 Credit R Dr. Income and expenditure Cr. Membership fees 600 D. Description Debit R 600 Credit R Dr. Membership fees Cr. Income and expenditure account 600 E Description Debit R 600 Credit R Dr. Income and expenditure Cr. Refreshments 600Step by Step Solution
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