The owner of a business purchased a new delivery vehicle for business use. A cash deposit of
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The owner of a business purchased a new delivery vehicle for business use. A cash deposit of 10 percent was paid at the time of purchase; the balance is to be paid in four months' time. Which books or prime entry snouia toe used to record this information?
A. General journal
B. General journal and cash book
C. Purchases journal
D. Purchases journal and cash book
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B General journal and cash book EXPLANATION The purchase of a delivery ...View the full answer
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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