12. An account to be debited should be firstly determined in recording transaction in the general journal. Which of the following should come first? OA. Cash, when the balance decreases B. Accounts payable, when the balance increases C. Accounts receivable, when the balance decreases D. Rent expense, when the balance increases
12. An account to be debited should be firstly determined in recording transaction in the general journal. Which of the following should come first? OA. Cash, when the balance decreases B. Accounts payable, when the balance increases C. Accounts receivable, when the balance decreases D. Rent expense, when the balance increases
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 19MC: The sum of all the accounts in the accounts receivable subsidiary ledger should ________. A. equal...
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