What is the ledger entry for sale of generator on credit to Patrick?
FINANCIAL
JAMB 2016
What is the ledger entry for sale of generator on credit to Patrick?
- A. credit sales account and debit Patrick
- B. credit generator account and debit cash account
- C. credit sales account and debit cash account
- D. credit generator account and debit Patrick
Correct Answer: D. credit generator account and debit Patrick
Explanation
Patrick is receiving and should be debited while generator account is giving
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