Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

A vehicle was used as part exchange for a new vehicle. Which entries record the part exchange?

  • Aaccount debited: cash; account credited: motor vehicles at cost
  • Baccount debited: disposal; account credited: motor vehicles at cost
  • Caccount debited: motor vehicles at cost; account credited: cash
  • Daccount debited: motor vehicles at cost; account credited: disposal

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