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WAEC Financial Accounting 2019 Question 9

Question 9

Double Entry and the Ledger

Kadiri paid his debt to Suleman by cheque. The accounting entries in Kadiri's books are: debit

  1. A.Bank Account; credit Suleman's Account.
  2. B.Bank Account; credit Debtors' Account.
  3. C.Suleman's Account; credit Bank Account.
  4. D.Suleman's Account; credit Cash Account.
Show the answer and explanation

Answer: C (Suleman's Account; credit Bank Account.)

Explanation

Paying a creditor by cheque: debit the creditor (Suleman), credit bank.