If a sole trader operating as a florist, purchases a van for 55,000 for business use, paying

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If a sole trader operating as a florist, purchases a van for ₹55,000 for business use, paying by cheque, when completing his double entry accounts he will:

(a) Credit van account and debit bank account.

(b) Debit van account and credit bank account.

(d) Debit purchases account and credit bank account.

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Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

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Question Posted: Aug 26, 2023 03:42 AM

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If a sole trader operating as a florist, purchases a van for 55,000 for business use, paying

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a Credit van account and debit bank account When a sole trader purchase...View the full answer

Financial Accounting For Management

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