Question
Q6: A purchase of equipment using cash is recorded in the: Cash book as cash receipts General journal. Purchases journal. Cash book as cash payments
Q6: A purchase of equipment using cash is recorded in the:
Cash book as cash receipts
General journal.
Purchases journal.
Cash book as cash payments
Q7: We paid the account of Rahim by cheque $310 after deducting a cash discount $15. The amount of $15 will be entered in Cash Book as:
Payment in Bank Column
Discount on debit side
Receipt in Bank Column
Discount on credit side
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Financial Accounting Theory
Authors: Craig Deegan
2nd Edition
0077126734, 978-0077126735
