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  5. A cheque drawn for N...

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

Accounts - Principles of Accounts
WAEC 1994
A cheque drawn for N1200 was entered in the cash book as a receipt. The accounting entries are
  • 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
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Correct Answer: Option E
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