Lima paid off debt of D2500 owed to Dongo by cash. The entries in lima’s book are: debit

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A. cash D2,500; credit Dongo D2,500
B. Dongo D2,500; credit cash D2,500
C. Bad debt D2,500; credit Dongo D2,500
D. Dongo D2,500; credit bad debt D2,500

Correct Answer:

Option B – Dongo D2,500; credit cash D2,500

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