Question

A cheque drawn for N1200 was entered in the cash book as a receipt. The accounting entries are

Accepted Answer

credit bank account, debit suspense account with N2,400

Answer

credit cash account, debit bank account with N1,200

Answer

debit cash account, creidit bank account with N1,200

Answer

credit cash account, debit suspense account with N2,400

Answer

debit cash account, debit suspense account with N2,400

A cheque drawn for N1200 was entered in the cash book as a receipt. The accounting entries are