Question on: JAMB Accounting - 2013
July 1 - Started business with #10,500
July 31- Paid Agromachinex #6,000 owing
them
The double entry for July 1 would be
July 31- Paid Agromachinex #6,000 owing
them
The double entry for July 1 would be
A
debit capital and credit cash
B
credit cash and debit bank
C
debit cash and credit capital
D
debit purchases and credit cash
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Correct Option: C
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