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Commerce · Q158

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 158

Q158

Purchases of goods on credit from A is recorded as:

A.
Debit purchases a/c; credit cash a/c
B.
Debit A a/c; credit purchases a/c
C.
Debit purchases a/c; credit A a/c
Answer
D.
Debit A a/c; credit stock a/c

Answer: Option C

Solution

Answer: Option C
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