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