A debit entry in the cash account and a corresponding credit in Alieu's account indicate...

Accounts - Principles of Accounts

WAEC 2007

A debit entry in the cash account and a corresponding credit in Alieu's account indicate a

A. receipt of cash from alieu
B. payment of cash to Alieu
C. sale of goods to Alieu for cash
D. purchases of goods from alieu for cash

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Correct Answer: Option A

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A debit entry in the cash account and a corresponding credit in Alieu's account indicate...

Correct Answer: Option A

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