'X' has purchased a business asset. He has not recorded it in the books on the basis that amount has not been paid. Should he record the transaction and why ?
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'X' has purchased a business asset. He has not recorded it in the books on the basis that amount has not been paid. Should he record the transaction and why ?
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Answer:
yes he should record that transaction because he has purchased it but from whom he has purchased cause if it is a credit transaction there should be a name