Examveda

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

D. Debit A a/c; credit stock a/c

Answer: Option C


This Question Belongs to Commerce >> Miscellaneous In Commerce

Join The Discussion

Related Questions on Miscellaneous in Commerce