Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 14 - No. 17)
What accounts are affected when a business purchases supplies for cash?
Supplies (Dr), Cash (Cr)
Cash (Dr), Supplies (Cr)
Accounts Payable (Dr), Cash (Cr)
Supplies (Dr), Accounts Payable (Cr)
Explanation
Supplies (Dr), Cash (Cr).
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