Included in the Bank Statement Was a Credit Received from a Customer

question 26

Multiple Choice

Included in the bank statement was a credit received from a customer to settle their account.What entry is required in the company's accounts?

• A) Dr Cash\(\quad \)\(\quad \)\(\quad \)Cr Accounts receivable
• B) Dr Cash\(\quad \)\(\quad \)\(\quad \)Cr Sales
• C) Dr Accounts receivable\(\quad \)Cr Cash
• D) Dr Sales\(\quad \)\(\quad \)\(\quad \)Cr Cash