Where a business is purchased, the full amount of the purchase consideration is credited to

Accounts - Principles of Accounts WAEC 1997

Where a business is purchased, the full amount of the purchase consideration is credited to

  • Purchase of Business Account checkmark
  • Creditor's Account
  • Vendor's Account
  • Purchaser's Account
  • Debtor's Account

The correct answer is: A

Explanation

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