Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He
FINANCIAL
JAMB 2003
Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the total cash sales of N19000 from the business tray and banked it.
The transaction would be recorded in the cash book as debit?
- A. cash and credit bank
- B. bank and credit cash
- C. cash and credit cash
- D. bank and credit bank
Correct Answer: B. bank and credit cash
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