BARIGA, A STOCK BROKER BOUGHT STATIONERY FOR N 12000 BY CASH. TO RECORD THIS TRANSACTION, DEBIT

• A. cash and credit stationery
• B. purchase and credit stationery
• C. stationery and credit cash ✓
• D. stationery and credit purchases

The answer to the question is: C. stationery and credit cash

When a stock broker like Bariga purchases stationery for N 12000 by cash, the transaction should be recorded by debiting the stationery and crediting the cash. This is because the purchase of stationery represents an increase in the assets of the business (stationery) and a decrease in another asset (cash).