Question
8. On 29 January 2016, Nahoon Traders paid the entity's electricity account of R8 672 with a business cheque. Which account will be debited and
8. On 29 January 2016, Nahoon Traders paid the entity's electricity account of R8 672 with a business cheque.
Which account will be debited and which account credited in the general ledger of Nahoon Traders, on 29 January 2016?
1. The electricity account will be debited and the bank account will be credited.
2. The drawings account will be debited and the electricity account will be credited.
3. The capital account will be debited and the bank account will be credited.
4. The electricity account will be debited and the drawings account will be credited.
5. The electricity account will be debited and the capital account will be credited.
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