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The price paid for the purchase of a business is
Question 1
Report
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
Answer Details
Read lesson note on Cashbook (JAMB)
Read lesson note on Partnership Accounts (JAMB)
Cashbook
Partnership Accounts
View Answer