GCEFinancial AccountingDouble Entry and Ledgers2024

Kemi purchased goods on credit from Bola for ₦85,000. Which of the following correctly records this transaction in Kemi's books?

ADebit Bola's Account ₦85,000; Credit Purchases Account ₦85,000
BDebit Purchases Account ₦85,000; Credit Sales Account ₦85,000
CDebit Purchases Account ₦85,000; Credit Bola's Account ₦85,000CORRECT
DDebit Sales Account ₦85,000; Credit Bola's Account ₦85,000
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Why the answer is C, and why the others tempt you.
Credit purchases increase the Purchases Account (debit) and create a liability to the supplier Bola, so Bola's Account in the Creditors ledger is credited. Debiting Bola's account would wrongly reduce the liability instead of creating it.
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