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Commerce · Q254

Accounting

Graduate and Post Graduate · Commerce · question 254

Q254

Which of the following account will be credited when the goods are purchased on credit from Mr. Ali?

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

Answer: Option B

Solution

Answer: Option B
Solution:
Mr. Ali account will be credited when the goods are purchased on credit from Mr. Ali.
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