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JAMB Accounting 2012 Objective — Question 8

Question 8 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

(Using the same information as Q7) The record in Jide's book would be to debit

A. purchases ₦12,000 and credit Ibrahim ₦12,000Correct
B. purchases ₦12,000 and credit sugar account ₦12,000
C. Jide ₦12,000 and credit sales account ₦12,000
D. Ibrahim ₦12,000 and credit purchases account ₦12,000

Explanation

Dr: Purchases A/c with ₦12,000; Cr: Ibrahim A/c with ₦12,000.

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