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

Capital account
Fixed assets account
Building account
Cash account

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 4

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.

5 views Answered 2022-09-01 13:21

Related Questions

In a row of five buildings - P, Q, R, S and T, which building is in the middle Statements : I. Buildings S and Q are at the two extreme ends of the row. II. Building ,T is to the right of building R.?

1 Answers 4 Views

Which of the following accounts will be debited if the business's owner withdraws cash from business for personal use?

1 Answers 4 Views

Which of the following is a type of cash receipt journal + cash payment journal?

1 Answers 5 Views

Cash purchases is recorded in which of the following specialized journals?

1 Answers 4 Views

Purchase of office equipment for cash will be recorded on which side of a cash book?

1 Answers 4 Views

Which of the following account will be credited in the books of XYZ Co. Ltd, if the business purchases a vehicle thriugh cheque?

1 Answers 4 Views

A Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget?

1 Answers 5 Views

In alternative investments, constant cash flow stream is equal to initial cash flow stream in approach which is classified as?

1 Answers 6 Views

In Variable life insurance, the death benefit and cash value of the policy _________ according to the investment performance of a special investment account into which premiums are credited.?

1 Answers 5 Views

Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : "Best way to solve this problem of workers' dissatisfaction is to offer them cash rewards. If this type of incentive can solve the problem in CIDCO Company then why not here." - A Personnel Manager tells the Chairman of a company. Assumptions : I. The reason for workers' dissatisfaction in both the companies was similar. II. Monetary incentives have universal appeal.?

1 Answers 5 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)