The price paid for the purchase of for the purchase of a ...
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
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
Correct answer is B
No explanation has been provided for this answer.
The concept which seeks to prevent profits from being overstated is ...
What is the balance carried down? ...
April 11:Sold goods for cash N50,000 April 20: Bought goods for cash N30,000 April 26: Bough...
Which of the following is a source of revenue to a local government authority? ...
Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT \(\be...