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The entries to record goods bought for cash are: debit

Accounts - Principles of Accounts
WAEC 2008
The entries to record goods bought for cash are: debit
  • A. cash account; credit purchases account
  • B. purchases account ; credit cash account
  • C. purchases account; credit stock account
  • D. purchases account; credit goods account
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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