Akirika bought a motor van for his business by cash. The entries are to debit

Akirika bought a motor van for his business by cash. The entries are to debit

  • A.
    motor van and credit Akirika
  • B.
    sales and credit Akrika
  • C.
    motor van and credit cash
  • D.
    cash and credit motor van
Correct Answer: Option C
Explanation

Since the van is not for resale rather to help in the running of the business, we Debit motor van and credit cash account

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