The ledger entries to be made if cash sales is banked is debit

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Accounts - Principles of Accounts JAMB 2015

The ledger entries to be made if cash sales is banked is debit

  • cash, credit sales
  • sales, credit cash
  • bank, credit cash
  • bank, credit sales checkmark

The correct answer is: D

Explanation

Debit Bank Account  and Credit sales - this highlights that you have taken the cash “out of your pocket” and put it in to your bank account.

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