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Which of the following accounting entries is correct?    a) Record of issuance of bills receivable  B) Cancellation of the rediscount transaction reserved for bills receivable at the beginning of the period  NS) Posting of interest on notes receivable  D) Register of notes receivable becoming worthless  TO) Recording of the rediscount transaction for notes receivable at the end of the period

Which of the following accounting entries is correct?    a) Record of issuance of bills receivable  B) Cancellation of the rediscount transaction reserved for bills receivable at the beginning of the period  NS) Posting of interest on notes receivable  D) Register of notes receivable becoming worthless  TO) Recording of the rediscount transaction for notes receivable at the end of the period

FINANCIAL ACCOUNTING
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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Which of the following accounting entries is correct?

  
 a)

Record of issuance of bills receivable
 B)

Cancellation of the rediscount transaction reserved for bills receivable at the beginning of the period
 NS)

Posting of interest on notes receivable
 D)

Register of notes receivable becoming worthless
 TO)

Recording of the rediscount transaction for notes receivable at the end of the period
Debt ereceivable 31/12/202. 6.000 657 Rediscount Interest Expenses Hs. 122 Rediscount of Bills Receivable Hs. (-) 6.000
Transcribed Image Text:Debt ereceivable 31/12/202. 6.000 657 Rediscount Interest Expenses Hs. 122 Rediscount of Bills Receivable Hs. (-) 6.000
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