Other

Question

D

Customer

cash

Goods for re-sale are bought for cash. What are the entries in the books of the purchaser?

18

account debiteed account credited

A

cash

purchases

supplier

cash

B

cash

C

purchases

supplier

D

cash

Answer

D. Cash

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The entries in the books of the purchaser would be to debit cash and credit purchases for the goods bought for cash...