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Which of the following entries would be made for goods bought and paid for immediately?...

Accounts - Principles of Accounts
WAEC 1996
Which of the following entries would be made for goods bought and paid for immediately? Debit
  • A. cash account, credit sales account
  • B. purchases account; credit cash account
  • C. cash account; credit purchases account
  • D. purchases account; credit sales account
  • E. purchases account; credit goods account
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Correct Answer: Option B
Explanation
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