Accountıng I Deneme Sınavı Sorusu #1182003
Which transaction belongs to the record in the figure?
|
Purchased merchandise inventory in cash |
|
Purchased merchandise inventory on account |
|
Selling merchandise inventory in cash |
|
Selling merchandise inventory on account |
|
Adjusting the inventory account |
Yanıt Açıklaması:
The Merchandise Inventory account increases when a purchase is made, so we used the debit side of Merchandise Inventory account. The Cash account decreases when a purchase is made, so we used the credit side of Cash account.
Yorumlar
- 0 Yorum