Home » Past Questions » Accounts » The price paid for the purchase of for the purchase of a business is

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


Question

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

Options

A) debited to the cash account and credited to the vendor's account

B) credited to the cash account and debited to the vendor's account

C) credited to the business purchases account and debited to the assets account

D) debited to the business purchase account and credited to the assets account

E) credited to the cash account and debited to the assets account

The correct answer is B.


More Past Questions:


Discussion