Transactions such as credit losses which are written off, interest on debtors accounts and errors which are corrected will be entered in the as book of first entry.

A. Cash payments journal.

B. Bank reconciliation statement.

C. General journal.

D. Sales journal.

E. Cash receipts journal.

Question 4 of 20

Which one of the following accounts will cause an increase in equity?

• A.Expenses.
• B. Bank
• C. Withdrawals by the owner.
• D. Trade receivables.
• E. Revenue.