Solved

A Business Purchased a Delivery Vehicle for $42 000 Cash

Question 32

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions