Which account is debited on purchase of land from the proceeds of a bank loan? Options: A . &nbspCash account B . &nbspBank account C . &nbspLoan account D . &nbspLand account

Which account is debited on purchase of land from the proceeds of a bank loan?

Question

Which account is debited on purchase of land from the proceeds of a bank loan?

Options:

A . Cash account

B . Bank account

C . Loan account

D . Land account

Answer: Option D
:
D
Land account is debited on purchase of land from the proceeds of a bank loan.

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