NBAA ATEC Practice Questions - NBAA Accounting Technician Certificate ATEC Exam

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A business sells goods on credit to Juma for TZS 500,000. How should this transaction be recorded in the general ledger?

Debit Juma's Account TZS 500,000; Credit Sales Account TZS 500,000 Debit Sales Account TZS 500,000; Credit Juma's Account TZS 500,000 Debit Cash Account TZS 500,000; Credit Sales Account TZS 500,000 Debit Juma's Account TZS 500,000; Credit Cash Account TZS 500,000

Correct Answer:

Debit Juma's Account TZS 500,000; Credit Sales Account TZS 500,000

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