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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