Question 34

John brought in an additional plant into his business. What are the accounting entries necessary to reflect the transaction?

  • A.debit plant account, credit current account
  • B.debit current account, credit plant account
  • C.credit plannt account, credit profit and loss account
  • D.debit profit and loss account, credit plant account
  • E.debit plant account, credit capital account
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1994
Question no.
#34
Type
Objective

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