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

Accounts - Principles of Accounts WAEC 1995

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

  • venfdor's account and credit purchase of business account
  • asset account and credit purchases of business account
  • cash account and credit vendor's account
  • purchase of business account
  • vendor's account and credit cash account checkmark

The correct answer is: E

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