PRC-1 · Chapter 1 · Question 81 of 100
If 'Dynamic Electronics' sells a batch of laptops to a walk-in customer for immediate physical cash, what is the correct double-entry to record this transaction?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Debit Cash, Credit Sales
Explanation
A cash sale increases the cash asset (Debit Cash) and increases the revenue generated (Credit Sales).
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