When a business is purchased, the double entries required in the purchaser's book are debit,

Accounts - Principles of Accounts

WAEC 1995

A. venfdor's account and credit purchase of business account
B. asset account and credit purchases of business account
C. cash account and credit vendor's account
D. purchase of business account
E. vendor's account and credit cash account

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Correct Answer: Option E

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When a business is purchased, the double entries required in the purchaser's book are debit,

Correct Answer: Option E

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