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#1 2018-08-07 03:38:23

Ibraheem
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Financial Accounting Quiz MCQs Quiz Question.

Accounting Quizzes Financial Accounting Exam MCQs

Question:
A building is purchased using cash for use by the business. Which of these would represent the entry for the transaction?

Option A):
Debit the bank accountCredit an expense account
Option B):
Debit a liability accountCredit an expense account
Option C):
Debit an asset accountCredit a sales account
Option D):
Debit an asset accountCredit an asset account

Correct Answer is Option D):
Debit an asset accountCredit an asset account

2018-08-07 03:38:23

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Re: Financial Accounting Quiz MCQs Quiz Question.



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