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  • Accounting : Journalizing Transactions Online Quiz
  • The journal columns used to record receivin cash from the...
Multiple choice

The journal columns used to record receivin cash from the owner are Cash Debit and Sales Credit

  1. true

  2. false

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Receiving cash from an owner is an investment, which increases Cash (debit) and increases Owner's Capital (credit). It does not involve Sales, which is a revenue account.

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