Money deposited into the bank account will be: Debited in the Cash Receipts Journal...

80.2K

Verified Solution

Question

Accounting

  1. Money deposited into the bank account will be:

    1. Debited in the Cash Receipts Journal of the business;
    2. Credited in the Cash Payments Journal of the business;
    3. Debited on the Bank Statement;
    4. Credited on the bank Statement;
    a.

    1 and 3

    b.

    1 and 4

    c.

    2 and 3

    d.

    2 and 4

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students