Shares issued to a vendor in payment of business purchased would require a debit to?

Accounts - Principles of Accounts JAMB 1999

Shares issued to a vendor in payment of business purchased would require a debit to?

  • cash account and credit to share capital account
  • share capital account and credit to vendor's account
  • vendor's account and credit to share capital account checkmark
  • share capital account and credit to cash account

The correct answer is: C

Explanation

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