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JAMB Principles of Accounts 2013 Question 9

Question 9

Cash Book

The corresponding entry of personal accounts found in the debit side of the cash book is to

  1. A.credit real accounts.
  2. B.debit real accounts.
  3. C.credit the ledger.
  4. D.debit the ledger.
Show the answer and explanation

Answer: C (credit the ledger.)

Explanation

Money received from a person is debited in the cash book and credited to that person's account in the ledger.