Question on: JAMB Accounting - 1999
If a sole proprietorship is purchased for cash, then?
A
the purchaser debits his business purchase account with the consideration he pays
B
all assets and liabilities must be bought
C
goodwill results where value of assets
D
the vendor debits his business purchase account with the considerstion he receives
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses