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. The record in Jide's book would be to debit
- A. purchases #12,000 and credit Ibrahim #12,000
- B. purchases #12,000 and credit sugar account #12,000
- C. Jide #12,000 and credit purchases
- D. Ibrahim #12,000 and sugar account #12,000
Correct Answer: A. purchases #12,000 and credit Ibrahim #12,000
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