The Internal Service Fund billed the general und for utilizing the services RO 50,000. Which...

70.2K

Verified Solution

Question

Accounting

The Internal Service Fund billed the general und for utilizing the services RO 50,000. Which one of the following journal entries records this transaction in the general fund?

a.

Operating expenditure Account Dr. 50,000, Loan Account Dr. 50,000

b.

Operating expenditure Account Dr. 50,000, Sales Account Dr. 50,000

c.

None of the options

d.

Operating revenue Account Dr. 50,000, Bank Account Dr. 50,000

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