Assuming a single journal entry is made to adjust Quinn Company's accounting records at January 31, the journal entry includes ______?

فرض کریں کہ 31 جنوری کو کوئن کمپنی کے اکاؤنٹنگ ریکارڈز کو ایڈجسٹ کرنے کے لئے ایک ہی جریدے کا اندراج کیا گیا ہے ، جرنل کے اندراج میں ______ شامل ہے؟
Answer: A credit to Cash for $450.
Explanation
  • A credit to Cash indicates that the company has paid out $450, reducing its cash balance.
  • The entry likely corresponds to a payment made for an expense or liability settlement.
  • This question appeared in Past Papers (2 times)
    Senior Auditor Past Papers and Syllabus (2 times)
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    ACCOUNTING (1 times)

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