Which of the following entries would be made for goods bought and paid for immediately?…

Accounts - Principles of Accounts WAEC 1996

Which of the following entries would be made for goods bought and paid for immediately? Debit

  • cash account, credit sales account
  • purchases account; credit cash account checkmark
  • cash account; credit purchases account
  • purchases account; credit sales account
  • purchases account; credit goods account

The correct answer is: B

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