Ignoring GST, Which of the Following Entries Correctly Records the Receipt

question 1

Multiple Choice

Ignoring GST, which of the following entries correctly records the receipt by Swift Garden Maintenance of $500 in cash for gardening services?

• A) DR Bank $500; CR Services $500
• B) DR Services $500; CR Bank $500
• C) DR Bank $500; CR Debtors $500
• D) DR Equity $500; CR Services $500

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Definitions:

Indirect Approach

A communication strategy where the main point is not presented directly at the beginning but is introduced later in the message.

Refusing Claims

The act of denying or rejecting claims, often in the context of insurance or customer service disputes.

Adjustments

Changes or modifications made to improve a system, process, or document.

Routine Request

A standard or regular request made in a business or professional context, often for information or action.