Ezekiel Malgwi is a retailer. He recorded sales represent...
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?
Cash and credit bank
Bank and credit cash
Cash and credit cash
Bank and credit bank
Correct answer is B
No explanation has been provided for this answer.
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