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Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction,...

Accounts - Principles of Accounts
JAMB 2008
Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit?
  • A. cash and credit stationery
  • B. purchase and credit stationery
  • C. stationery and credit cash
  • D. stationery and credit purchases
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Correct Answer: Option C
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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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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts