Use the information below to answer question Ez... - JAMB Accounting 2003 Question
Use the information below to answer question.
Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the total cash sales of N19000 from the business tray and banked it.
The transaction would be recorded in the cash book as debit?
Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the total cash sales of N19000 from the business tray and banked it.
The transaction would be recorded in the cash book as debit?
A
cash and credit bank
B
bank and credit cash
C
cash and credit cash
D
bank and credit bank
correct option: b
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