Question

Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000. In the book of Ibrahim, the entry to record the transaction would be to debit

Accepted Answer

Jide #12,000 and credit sales account #12,000

Answer

sugar account #12,000 and credit Jide #12,000

Answer

Ibrahim #12,000 and credit Jide #12,000

Answer

sugar account #12,000 and credit Ibrahim #12,000

Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000. In the book of Ibrahim, the entry to record the transaction wo...