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What is correct entry to record purchase of motor vehicle

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Question 1: Ignoring GST, what is the correct entry to record the purchase of a motor vehicle for $25 000 cash?

1. Debit bank $25 000; credit motor vehicles $25 000

2. Debit motor vehicles $25 000; credit bank $25 000

3. Debit motor vehicles $25 000; credit capital $25 000

4. Debit motor vehicles $25 000; credit accounts receivable $25 000

Reference no: EM132476009

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