JAMB - Accounts Principles Of Accounts (2012 - No. 7)
Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000.
The record in Jide's book would be to debit
The record in Jide's book would be to debit
purchases #12,000 and credit Ibrahim #12,000
purchases #12,000 and credit sugar account #12,000
Jide #12,000 and credit purchases
Ibrahim #12,000 and sugar account #12,000
Explanation
Debit purchase account with 12,000 and credit cash paid to ibrahim 12,000
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