Question

what will be the journal entry of purchasing a horse​

Answer 1

Answer:

Explanation:

In the given question we are purchasing a horse for delivering goods there for making the horse a living asset, a living acid should be considered like a fixed asset or current asset therefore since there is an increase in the Asset will debit the living asset or the horse account, since we are paying through cash or...........

Answer 2

Answer:

hope this helps you

Explanation:

if this horse is going to be used in the business eg on a ranch. then :

Dr asset account

Cr cash account

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