Question 16

When a business is purchased, the double entries required in the purchaser's book are debit,

  • A.venfdor's account and credit purchase of business account
  • B.asset account and credit purchases of business account
  • C.cash account and credit vendor's account
  • D.purchase of business account
  • E.vendor's account and credit cash account
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1995
Question no.
#16
Type
Objective

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