Multiple Choice Questions on Which of the following accounts will be credited if a company purchases building for cash ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Which of the following accounts will be credited if a company purchases building for cash ........

Accountancy (Phase -I & II) Accounting standards
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    Which of the following accounts will be credited if a company purchases building for cash?

    Capital account

    Incorrect Answer

    Fixed assets account

    Incorrect Answer

    Building account

    Incorrect Answer

    Cash account

    Correct Answer
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    Explanation:

    Cash account will be credited if a company purchases building for cash. Cash is credited because cash is an asset account that decreased because cash was used to pay the bill.

    By: honey kaundal
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    anil

    wrong option highlighted

    0 0 reply

    susheel

    rectified.. thanks for feedback

     0 0 reply
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