Arrange the following in the sequence when shares are issued for consideration other than cash in the books of purchaser:
(A) Shares capital is credited for shares issued to vendor
(B) Assets aquired are debited
(C) Vendor’s Account credited with purchase price
(D) Vendor’s Account debited with issue of shares
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) →
(B), (C), (D), (A)