The purchase of mattresses from Freehold enterprises by cheque amounted to #305,150. The correct entries
FINANCIAL
JAMB 2013
The purchase of mattresses from Freehold enterprises by cheque amounted to #305,150. The correct entries for this transaction in the book of the buyer is to debit
- A. sales account and credit bank account
- B. purchases and credit bank account
- C. cash and credit freehold
- D. bank and credit freehold
Correct Answer: B. purchases and credit bank account
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