WHEN EXPENSES ARE PAID ON BEHALF OF THE VENTURE, THE ACCOUNTING ENTRIES IS TO DEBIT
A. expenses account and credit bank account B. bank account and credit joint venture account C. joint venture account and credit bank account ✓ D. joint venture account and credit expenses account The answer to the question is: C. joint venture account and credit…
BARIGA, A STOCK BROKER BOUGHT STATIONERY FOR N 12000 BY CASH. TO RECORD THIS TRANSACTION, DEBIT
A. cash and credit stationery B. purchase and credit stationery C. stationery and credit cash ✓ D. stationery and credit purchases The answer to the question is: C. stationery and credit cash When a stock broker like Bariga purchases stationery for N 12000 by…
Study Guide
