Question 0

Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000.
In the book of Ibrahim, the entry to record the transaction would be to debit

  • A.sugar account #12,000 and credit Jide #12,000
  • B.Jide #12,000 and credit sales account #12,000
  • C.Ibrahim #12,000 and credit Jide #12,000
  • D.sugar account #12,000 and credit Ibrahim #12,000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2012
Question no.
#0
Type
Objective

More from this paper

See all Accounts - Principles of Accounts 2012 questions