Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 8 - No. 27)

Which of the following are essential components to recording a cash purchase for goods for resale?

Debit the purchase account and credit the cash account

Debit the cash account and credit the purchase account

Debit the purchase account and credit the sales account

Debit the sales account and credit the cash account

To record a cash purchase, debit the purchase account and credit the cash account.