Accountıng Iı Deneme Sınavı Sorusu #1290789

On June 1,  A company purchased 100 piece machine from B company from 5.000 TL on account. The payment is due on September 1.

Which of the following is true about the accounting record to be made according to this information?


Merchandise Inventory credit 5.00

Accounts Payable credit 5.000

Notes Payable credit 5.000

Short term bank loan credit 5.000

Long term bank loan debit 5.000


Yanıt Açıklaması:

The correct answer is B. In the accounting record to be made, merchandise inventories will be debited by TL 5.000 and account payable will be 5,000 TL credited.

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