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A- cash account will be credit B- cash account will be debit C- fixed assets account will be debt D- fixed assets account will be credit
C- fixed assets account will be debt
C. fixed assets account will be debit and supplier will be credit
(C) is the Correct Ans.
On Purchase of Fixed Asset on Credit,
Dr. Fixed Assets XX
Cr. Accounts Payable XX
On Payment on Future,
Dr. Accounts Payable XX
Cr. Cash XX
Fixed Account is Debited and Supplier will be Credited
Fixed Assets Account will be debited
Sundry Creditors will be credited.
C-----
- F.A account will be debt
C-Fixed assets account will be debit is correct answer