Shares issued to a vendor in payment of business purchased would require a debit to?...
FINANCIAL
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
Correct Answer: C. vendor's account and credit to share capital account
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