Shares issued to a vendor in payment of business purchased would require a debit to?

Shares issued to a vendor in payment of business purchased would require a debit to?
  • A.
    cash account and credit to share capital account
  • B.
    share capital account and credit to vendor’s account
  • C.
    vendor’s account and credit to share capital account
  • D.
    share capital account and credit to cash account
Correct Answer: Option C
Explanation
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