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How should the cash receipts be recorded by Hairy Happy

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Question - Hairy Happy Harry Limited requires customers to pay for their orders at time of shipping of the goods when ownership is transferred. The payment is in cash. How should the cash receipts be recorded by Hairy Happy Harry Limited?

a. Debit 'Cash-at-Bank', credit a revenue account.

b. Debit 'Cash-at-Bank', credit an expense account.

c. Debit 'Cash-at-Bank', credit an asset account.

d. Debit 'Cash-at-Bank', credit a liability account.

Reference no: EM132831785

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