Maseko Architects acquired a new office building to the value of R3 500 000 on credit on

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Maseko Architects acquired a new office building to the value of R3 500 000 on credit on the 31 December 2023. The credit period for this transaction is 15 years. What is the correct journal entry for this transaction? Question 8Answer a. DR Land and Buildings/CR Long-term loans b. DR Land and Buildings/CR Operating Lease c. DR Land and Buildings/CR Finance Lease d. DR Land and Buildings/CR Bank

Posted Date: May 18, 2024 07:06 PM

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Maseko Architects acquired a new office building to the value of R3 500 000 on credit on

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