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Home Interview Accounting and Finance Comments

  • Question
  • The journal entry to record a credit sale is


  • Options
  • A. Accounts Receivable
  • B. Accounts Payable
  • C. Both A & B
  • D. None of the above

  • Correct Answer
  • Accounts Receivable 

    Explanation

    The journal entry to record a credit sale is Accounts Receivable. Credit sale is nothing butthe customers pay at the time of buying.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. What are the Golden Rules Of Accounting ?
    • Discuss
    • 2. Is it possible for a company to show positive cash flows but be in grave trouble ?
    • Discuss
    • 3. Explain How is a journal entry recorded?
    • Discuss
    • 4. What is Evaluated Receipt Settlement?
    • Discuss
    • 5. Accounts that normally have debit balances are

    • Options
    • A. Assets,Expenses,and Common stock
    • B. Assets,Dividends,and Expenses
    • C. Assets,Expenses,and Revenues
    • D. All of the above
    • Discuss
    • 6. What is the difference between cheque and Demand Draft?
    • Discuss
    • 7. What have you learned from your studies that can be applied to a career in investment banking?
    • Discuss
    • 8. What is CRR rate?
    • Discuss
    • 9. What is ?Bill Discount? ?
    • Discuss
    • 10. Most modern Banking Systems are based on

    • Options
    • A. commodity money
    • B. 100 percent reserves
    • C. fractional reserves
    • D. money of intrinsic value
    • Discuss


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