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#1 2018-08-07 03:41:30

Ibraheem
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Financial Accounting Quiz MCQs Quiz Question.

Accounting Quizzes Financial Accounting Exam MCQs

Question:
Jolly Roger is owed $1000 by Buck O'Nere for lead shot that he has supplied. The figure of $1000 should be recorded as:

Option A):
A debit of $1000 to accounts receivable.
Option B):
A debit of $1000 to sales.
Option C):
A credit of $1000 to purchases.
Option D):
A credit of $1000 to accounts receivable.

Correct Answer is Option A):
A debit of $1000 to accounts receivable.

2018-08-07 03:41:30

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Re: Financial Accounting Quiz MCQs Quiz Question.



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