Question on: JAMB Accounting - 2023
When the goods are sold on credit to a buyer, the account receivable account will be
A
debit and credit
B
contra entry
C
debited
D
credited
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Correct Option: C
When goods are sold on credit to a buyer, the accounts receivable account will be 'debited.' This reflects an increase in the accounts receivable, as the customer owes money to the business.
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