A cheque drawn for N1200 was entered in the cash book as a receipt. The accounting entries are
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A Credit cash account, debit bank account with N1,200
- B Debit cash account, creidit bank account with N1,200
- C Credit cash account, debit suspense account with N2,400
- D Debit cash account, debit suspense account with N2,400
- E Credit bank account, debit suspense account with N2,400
Correct Answer: Option E
Explanation:
Share question on: