Musa, a prepaid customer of XYZ and KLM, bought N1500 recharge card from XYZ, and N2000 recharge recharge card from KLM, for business calls. The entry to record these transaction is debit?

  • A telephone N3,500 credit XYZ and KLM, N3,500
  • B telephone N3,500, credit cash N3,500
  • C sundries N3,500, credit KLM N3,500
  • D sundries N3,500, credit telephone N3,500
jamb 2009accounting

The correct answer is B. telephone N3,500, credit cash N3,500

No explanation given
Previous question Next question