The company sells Product A for Rs 65,000 on credit. The company receives a payment for the Rs 65,000 invoice above in cash. Which account shall be debited?

Debtor`s account

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Creditor`s account

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Bank account

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Cash account

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Solution

The correct option is D
Cash account

Cash account shall be debited in this case.

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The company sells Product A for Rs 65,000 on credit. The company receives a payment for the Rs 65,000 invoice above in cash. Which account shall be debited?

The correct option is D Cash account Cash account shall be debited in this case.

The correct option is D
Cash account

Cash account shall be debited in this case.