A rent of ₦50,000 was paid by samson to his landlady by...
A rent of ₦50,000 was paid by samson to his landlady by cheque. The double entry in Samson's book is
Debit rent account, Credit bank account
Debit Rent account, Credit Samson's account
Debit Bank account, Credit Rent account
Debit Samson's account, Credit Rent account
Correct answer is B
Since Rent is receiving then rent account is debited while Samson's account is credited because it is giving out.
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\(\begin{array}{c|c} \text{Capital} & 12,700 & \text{Purchases} & 7,100 \\ \hline \text{...