Question:How would a company that purchased a building using a mortgage show it in its account books? 

A Dr: Cash, Cr: Interest Payable 
B Dr: Buildings, Cr: Mortgage Liability 
C Dr: Interest Payable, Cr: Mortgage Liability 
D Cr: Cash, Cr: Mortgage Liability 

+ Answer
A 

+ Explanation
Answer not sure

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Md. Habib Ullah

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