Gce Model Questions Vol1 2019 Financial Accounting Question 45

Practice objective / multiple choice question 45 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2019 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 45 GCE_MODEL_QUESTIONS_VOL1 • 2019 • FINANCIAL_ACCOUNTING • objective

A business received a cheque for £\(2,500\) from a customer and deposited it into the bank. Record the journal entry for this transaction.

Answer Options

A. Debit Debtors £2,500; Credit Bank £2,500
B. Debit Cash £2,500; Credit Debtors £2,500
Correct Answer C. Debit Bank £2,500; Credit Debtors £2,500
D. Debit Bank £2,500; Credit Sales £2,500
Correct Answer
C
Correct Option:
Debit Bank £2,500; Credit Debtors £2,500

About This Question

This is Gce Model Questions Vol1 2019 Financial Accounting Question 45. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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