If a promoter pays a lawyer N5 000 for services... - JAMB Accounting 1999 Question
If a promoter pays a lawyer N5,000 for services rendered in preparing a Memorandum of Incorporation, the journal entry is to debit?
A
preliminary expenses, credit cash accounts
B
promoter, credit creditors' accounts
C
lawyer's credit cash accounts
D
cash , credit incorporation accounts
correct option: a
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