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Accounts (Principles of Accounts) · Double entry and the ledger

Accounts (Principles of Accounts)Double entry and the ledgerWAEC

Electricity bill settled in cash is recorded by

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Answer: D. debiting electricity account and crediting cash account

The expense is debited; the account that pays is credited.

An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.

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