The purchase of mattresses from Freehold enterprises by cheque amounted to #305150. The correct entries for this transaction in the book of the buyer is to debit?

By: |Published on: Dec 1|Categories: Accounting JAMB| 0 comments

A. sales account and credit bank account
B. purchases and credit bank account
C. cash and credit freehold
D. bank and credit freehold

Correct Answer:

Option B – purchases and credit bank account

Explanation

In the book of the buyer, we debit stock or purchase account and credit bank

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