28 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 320 SELLERS XXX 103 CHECKS GIVEN XXX Which transaction does the journal entry belong to? A) The check has been returned B) Check Received C) Check turnover D) Sellers have been given checks E) Check has been paid

28 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 320 SELLERS XXX 103 CHECKS GIVEN XXX Which transaction does the journal entry belong to? A) The check has been returned B) Check Received C) Check turnover D) Sellers have been given checks E) Check has been paid

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

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28 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT

320 SELLERS XXX

103 CHECKS GIVEN XXX

Which transaction does the journal entry belong to?

A) The check has been returned

B) Check Received

C) Check turnover

D) Sellers have been given checks

E) Check has been paid

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