Ibrahim, a micro business operator, sold 10 bags of sugar...
Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000.
The record in Jide's book would be to debit
Purchases #12,000 and credit Ibrahim #12,000
Purchases #12,000 and credit sugar account #12,000
Jide #12,000 and credit purchases
Ibrahim #12,000 and sugar account #12,000
Correct answer is A
Debit purchase account with 12,000 and credit cash paid to ibrahim 12,000
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\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...