a. debit to income from services, P2,300. 2,300. accountant would record a b. credit to income from services, P2,300. C. debit to accounts receivable, P2,300. d. credit to accounts receivable, P2,300.
a. debit to income from services, P2,300. 2,300. accountant would record a b. credit to income from services, P2,300. C. debit to accounts receivable, P2,300. d. credit to accounts receivable, P2,300.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Multiple choice:
Transcribed Image Text:19. Jackson Company received cash on account from customers, P2,300. The
d. Cash is debited.
accountant would record a
d. debit to income from services, P2,300.
D. credit to income from services, P2,300.
debit to accounts receivable, P2,300.
d. credit to accounts receivable, P2,300.
C.
20. A
is a transaction that requires more than one debit
more than one credit to be recorded.
a. complex entry
b. double entry
C. deluxe entry
d. compound entry
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