A grocer buys a delivery van from Homer Motors for 9,000 by bank transfer. The effect on

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A grocer buys a delivery van from Homer Motors for £9,000 by bank transfer. The effect on the grocer’s business is to:

(a) Increase a non-current asset (the delivery van) and decrease a current asset (the bank balance)

(b) Increase an expense (purchases) and decrease a current asset (the bank balance)

(c) Increase a non-current asset (the delivery van) and increase current liabilities (a trade payable, Homer Motors)

(d) Increase a current asset (the bank balance) and decrease a non-current asset

(the delivery van)

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:01 AM

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A grocer buys a delivery van from Homer Motors for 9,000 by bank transfer. The effect on

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Accounting And Finance For Business

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