Ignoring GST, what is the correct entry to record the purchase of a motor vehicle for $25 000 cash?
A) Debit bank $25 000; credit motor vehicles $25 000
B) Debit motor vehicles $25 000; credit bank $25 000
C) Debit motor vehicles $25 000; credit capital $25 000
D) Debit motor vehicles $25 000; credit accounts receivable $25 000
Correct Answer:
Verified
Q15: Which of these is not an example
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