Goods worth N800 was stolen. The double entries are, debit,

Accounts - Principles of Accounts

WAEC 1998

A. purchases account, credut trading account
B. trading account, credit purchases account
C. profit and loss account, credit purchases account
D. profit and loss account, credit purchases account
E. capital account, credit purchasses account

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Correct Answer: Option C

Explanation

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Goods worth N800 was stolen. The double entries are, debit,

Correct Answer: Option C

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