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Commerce · Q215

Accounting

Graduate and Post Graduate · Commerce · question 215

Q215

Which of the following account will be credited, if business bought goods on credit from Mr. Z?

A.
Purchases account
B.
Mr. Z account
Answer
C.
Cash account
D.
Sales account

Answer: Option B

Solution

Answer: Option B
Solution:
Mr. Z account account will be credited, if business bought goods on credit from Mr. Z.
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