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

Accounts - Principles of Accounts WAEC 1991

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

  • debited to the cash account and credited to the vendor's account
  • credited to the cash account and debited to the vendor's account checkmark
  • credited to the business purchases account and debited to the assets account
  • debited to the business purchase account and credited to the assets account
  • credited to the cash account and debited to the assets account

The correct answer is: B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment