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When a business is purchased, the double entries required in the purchaser’s book are debit,

When a business is purchased, the double entries required in the purchaser’s book are debit,
  • A.
    venfdor’s account and credit purchase of business account
  • B.
    asset account and credit purchases of business account
  • C.
    cash account and credit vendor’s account
  • D.
    purchase of business account
  • E.
    vendor’s account and credit cash account
Correct Answer: Option E
Explanation