MCQOPTIONS
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| 1. |
The entry to record the collection of cash from Sundry Debtors would involve a(i) Debit to Sundry Debtors(ii) Debit to Cash Account(iii) Credit to Sundry Debtors(iv) Credit to Cash Account |
| A. | Only (i) above |
| B. | Only (iii) above |
| C. | Both (ii) and (iii) above |
| D. | Both (i) and (iv) above |
| Answer» D. Both (i) and (iv) above | |