Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

Which of these items need entries to be recorded in the general journal? 1. purchase of a non-current asset on credit 2. sale of inventory to a customer on credit 3. the owner withdrawing drawings from the business in cash 4. writing off an irrecoverable debt

  • A1 and 2
  • B1 and 4
  • C2 and 3
  • D3 and 4

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