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

804Active Users

804Active Users

374AccountingMedium

AFixed assets account

BBuilding account

CCash account

DCapital account

Correct answer

C. Cash account

Explanation

Cash account is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Which of the following accounts will be credited if a company purchases building for cash? - Answer and Explanation | Academy of Pakistan