Which of the following will be debited if a business purchases goods on credit? Options: A . &nbspCash B . &nbspDebtor C . &nbspCreditor D . &nbspPurchases

Which of the following will be debited if a business purchases goods on credit?

Question

Which of the following will be debited if a business purchases goods on credit?

Options:

A . Cash

B . Debtor

C . Creditor

D . Purchases

Answer: Option D

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Question 1. Journals are also referred to as....

Question 2. Which of the following accounts will be debited if the business's owner withdraws cash from business for personal use?....

Question 3. The standard format of Journal does not include which of the following?....

Question 4. In which of the following order, data is entered into the Journal?....

Question 5. Which of the following accounts will be credited if a company purchases building for cash?....

Question 6. Discount for quick repayment of debt is normally referred to as....

Question 7. Which of the following specialized journal records "goods returned by customers"?....

Question 8. Transactions that a business does not record in any specialized journal are recorded in which of the following books?....

Question 9. Sales and purchase journal doesn't record....

Question 10. Cash received from debtor is recorded in which of the following specialized journals?....

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