WAEC Accounting 2019 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Accounting 2019 Objective paper, with the correct answer and a full explanation.
Advertisement
Kadiri paid his debt to Suleman by cheque. The accounting entries in Kadiri's books are:
- A. debit Bank Account; credit Suleman's Account
- B. debit Bank Account, credit Debtors' Account
- C. debit Suleman's Account; credit Bank AccountCorrect
- D. debit Suleman's Account; credit Cash Account
Explanation
In Kadiri's books, since he is settling a debt he owes to Suleman by cheque: Dr Suleman's A/c; Cr Bank A/c.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.