JAMB Accounting 2014 Objective — Question 9

Question 9 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2014 Objective paper, with the correct answer and a full explanation.

The accounting entry to record a cheque issued by a business is to

A. debit cash book and credit drawer
B. credit cash book and debit drawer
C. debit cash book and debit suspense accountCorrect
D. credit cash book and credit suspense account

Explanation

Debit side of cash book records: (i) Cash sales (ii) Cash receipts — matching a cheque issued being debited to cash book and credit to the drawer account.

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