The price paid for the purchase of a business is
...The price paid for the purchase of a business is
Credited to cash accounted to cash account and debited to vendor's account
Debited to cash account and credited to Vendor's Account
Debited to business purchase Account and credited to Asset Account
Credited to cash Account and debited to Asset Account
Correct answer is A
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
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Trading Account (Extract) .................N.............................N...... Opening stock.....
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Use the following information to answer the given question \(\begin{array}{c|c} & Le \\ \hl...