Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima’s book…

Accounts - Principles of Accounts WAEC 2021

Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima’s book are: debit

  • cash D2,500; credit Dongo D2,500
  • Dongo D2,500; credit cash D2,500 checkmark
  • Bad debt D2,500; credit Dongo D2,500
  • Dongo D2,500; credit bad debt D2,500

The correct answer is: B

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