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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Debit side of the trading account
B Credit side of the trading account
C Credit side of the profit and loss account
D Debit side of the profit and loss account

Correct Answer: Option A

Explanation:
It is posted to the debit side of trading account and added to the cost of purchase

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