Antics Electronic Company recently bought six generators. Which of the following is the correct method...
FINANCIAL
JAMB 1994
Antics Electronic Company recently bought six generators. Which of the following is the correct method of recording this transaction?
- A. Debit generator account and credit cash account
- B. Debit purchases account and credit cash account
- C. Debit cash accounts and credit purchases account
- D. Debit cash account and credit generator account
Correct Answer: B. Debit purchases account and credit cash account
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