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The entries to record goods bought for cash are: debit
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 2008
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The entries to record goods bought for cash are: debit
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Cash account; credit purchases account
B
Purchases account ; credit cash account
C
Purchases account; credit stock account
D
Purchases account; credit goods account
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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Accounts - Principles of Accounts
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