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A truck cost R800 000. The price included R3 600 for petrol. The total payment of R800 000 was debited to the Truck Account.
A truck cost R800 000. The price included R3 600 for petrol. The total payment of R800 000 was debited to the Truck Account. What is correct entry to record the purchase? a. Dr Vehicles R803 600 Cr Bank R803 600 b. Dr Vehicles R800 000 Cr Bank R800 000 c. Dr Bank R800 000 Cr Vehicles R800 000 d. Dr Bank R803 600 Cr Vehicles R803 600
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
