The concept of Double Entry Book-Keeping states that
...The concept of Double Entry Book-Keeping states that
If you receive goods on credit the seller becomes your creditor
For every debit entry there must be a corresponding credit entry
One party receives and another party gives value
Purchases and sales are stated separately
For every seller there is a buyer
Correct answer is B
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...