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  5. Shares issued to a v...

Shares issued to a vendor in payment of business purchased would require a debit to?

Accounts - Principles of Accounts
JAMB 1999
Shares issued to a vendor in payment of business purchased would require a debit to?
  • A. cash account and credit to share capital account
  • B. share capital account and credit to vendor's account
  • C. vendor's account and credit to share capital account
  • D. share capital account and credit to cash account
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Correct Answer: Option C
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
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