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Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid...

Accounts - Principles of Accounts
WAEC 2009

Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005 during the month and received additional credit sales of ₦20,000.Using the information, In Dania's books, to record the payment of ₦30,505 cr.40,005 by Abu
  • A. debit cash account, credit Abu's account
  • B. debit Abu's account, credit cash account
  • C. debit cash account, credit sales account
  • D. debit sales account, credit cash account,
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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