The purchase of mattresses from Freehold enterprises by cheque amounted to #305,150. The correct entries for this transaction in the book of the buyer is to debit

  • A sales account and credit bank account
  • B purchases and credit bank account
  • C cash and credit freehold
  • D bank and credit freehold
jamb 2013accounting

The correct answer is B. purchases and credit bank account

In the book of the buyer, we debit stock or purchase account and credit bank

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