Which Journal Is Used To Record Disbursements By Check / Cheque? | MCQ Question Answer
The correct answer of this multiple choice question is A, as we made disbursements by check / cheque i.e., the Cash is paid out either to purchase goods or services or paid to suppliers / vendors for goods or services purchased on credit / account. The possible entries to record for disbursements by check are shown below (a) If Goods Or Services Purchased By Check / Cheque Purchases a/c XXX Cash a/c / Bank a/c XXX (Disbursements Made By Check To Buy Goods Or Services) a) If Payments Made To Vendor Accounts Payable a/c XXX ...