Ignoring GST, the Accounting Entry That Would Need to Be

question 65

Multiple Choice

Ignoring GST, the accounting entry that would need to be made for a debtor's cheque for $3400 that has been dishonoured is which of the following?

• A) Debit bank $3400; credit debtors $3400
• B) Debit debtors $3400; credit bank $3400
• C) Debit debtors $3400; credit creditors $3400
• D) Debit debtors $3400; credit discount allowed $3400

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Definitions:

Physical Address

A unique identifier assigned to each network interface on a network. It's also known as a MAC (Media Access Control) address in the context of networking.

Network Adapter

A device that enables the computer (or peripheral) to communicate with the network using a common data communication language, or protocol.

Topology

in networking, describes the layout of connected devices and how they communicate.

Single Cable

Refers to a type of connection that enables data transmission, power delivery, and sometimes video output through one cable.