Accounts - Principles of Accounts Past Questions and Answers

The correct posting in a double entry system of account when there is an increase in double assets, expenses, capital or liabilities is to debit

The capital of a sole trader can be increased by

Akirika bought a motor van for his business by cash. The entries are to debit

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

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