Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total
FINANCIAL
JAMB 2012
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
Correct Answer: B. Jide #12,000 and credit sales account #12,000
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *