Paid cash to Creditors of Rs.10,000/-, should be debited to
A. Cash account
B. Creditor’s account
C. Purchases account
D. Sales account
Answer:B
Paid cash to Creditors of Rs.10,000/-, should be debited to
A. Cash account B. Creditor’s account C. Purchases account D. Sales account
Explanation: Due to the payment of Creditors, the said account balance will be reduced. Therefore, it should be debited.