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Bought motor vehicle ₦60 paying by cheque. The effect of the transaction will be


Question

Bought motor vehicle ₦60 paying by cheque. The effect of the transaction will be

Options

A) Increase in assets of motor vehicle account

B) Decrease in assets of motor vehicle account

C) Increase in assets of bank account

D) Increase in liabilities of bank account

The correct answer is A.


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