Forlah, a stock broker bought stationery for ₦12,000 by cash. To record this transaction, debit

Forlah, a stock broker bought stationery for ₦12,000 by cash. To record this transaction, debit

Accounts - Principles of Accounts

JAMB 2021

Forlah, a stock broker bought stationery for ₦12,000 by cash. To record this transaction, debit

A. cash and credit stationery
B. purchases and credit stationery
C. stationery and credit purchases
D. stationery and credit cash

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Correct Answer: Option D

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Forlah, a stock broker bought stationery for ₦12,000 by cash. To record this transaction, debit

Correct Answer: Option D

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