Musa, a prepaid customer of XYZ and KLM, bought N1500 recharge card from XYZ, and...
FINANCIAL
JAMB 2009
Musa, a prepaid customer of XYZ and KLM, bought N1500 recharge card from XYZ, and N2000 recharge recharge card from KLM, for business calls. The entry to record these transaction is debit?
- A. telephone N3,500 credit XYZ and KLM, N3,500
- B. telephone N3,500, credit cash N3,500
- C. sundries N3,500, credit KLM N3,500
- D. sundries N3,500, credit telephone N3,500
Correct Answer: B. telephone N3,500, credit cash N3,500
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