Question 6

The price paid for the purchase of for the purchase of a business is

  • A.debited to the cash account and credited to the vendor's account
  • B.credited to the cash account and debited to the vendor's account
  • C.credited to the business purchases account and debited to the assets account
  • D.debited to the business purchase account and credited to the assets account
  • E.credited to the cash account and debited to the assets account
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1991
Question no.
#6
Type
Objective

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