A cheque drawn for N1200 was entered in the cash book as a receipt. The accounting entries are?

A. credit cash account, debit bank account with N1,200
B. debit cash account, creidit bank account with N1,200
C. credit cash account, debit suspense account with N2,400
D. debit cash account, debit suspense account with N2,400
E. credit bank account, debit suspense account with N2,400

Correct Answer:

Option E – credit bank account, debit suspense account with N2,400