Ibrahim, a micro business operator, sold 10 bags of sugar to Jide at a total cost of #12,000.
In the book of Ibrahim, the entry to record the transaction would be to debit
In the book of Ibrahim, the entry to record the transaction would be to debit
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Correct Answer: Option B
Explanation:
Debit cash paid by Jide to the sum of 12,000 and credit stock or sales account
Debit cash paid by Jide to the sum of 12,000 and credit stock or sales account