A business purchased a delivery vehicle for $42 000 cash.The debit and credit entries are:
A) Debit Cash $42 000;credit Delivery Vehicle $42 000.
B) Debit Delivery Vehicle $42 000;credit Cash $42 000.
C) Debit Delivery Vehicle $42 000;credit Equity $42 000.
D) Debit Delivery Vehicle $42 000;credit Creditors $42 000.
Correct Answer:
Verified
Q35: In a manual accounting system for a
Q36: If assets are $560 000 and equity
Q37: When a customer eventually pays for items
Q38: The rule that is incorrect is:
A)Increases in
Q39: In recording wages for the month a
Q41: The statement that is incorrect is:
A)A debit
Q42: The statement about a trial balance that
Q43: The accounting principle that requires separation of
Q44: When parties deal from equal bargaining positions
Q45: Cheque butts,invoices,purchase orders,credit card slips and cash
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents