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

Accounts - Principles of Accounts
JAMB 2015

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

  • A. cash, credit sales
  • B. sales, credit cash
  • C. bank, credit cash
  • D. bank, credit sales
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Correct Answer: Option 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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