July 1 - Started business with ₦10,500July 31- Paid Agromachinex ₦6,000 owin...
Question
July 1 - Started business with ₦10,500
July 31- Paid Agromachinex ₦6,000 owing
Them
The double entry for July 1 would be
Options
A) debit capital and credit cash
B) credit cash and debit bank
C) debit cash and credit capital
D) debit purchases and credit cash
The correct answer is C.
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