Accounting JAMB

What is the ledger entry for sale of generator on credit to Patrick?

A. credit sales account and debit Patrick’s account
B. credit generator account and debit cash account
C. credit sales account and debit cash account
D. credit generator account and debit Patrick’s account

Correct Answer:

Option D – credit generator account and debit Patrick’s account

Explanation

Patrick is receiving and should be debited while generator account is giving

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