Home » Classroom » SS1 Accounting Meaning of Double Entry Question

Which accounts are involved in a double entry f... - SS1 Accounting Meaning of Double Entry Question

Which accounts are involved in a double entry for a purchase made on credit?

A

Only the inventory account

B

Only the accounts payable account

C

Both the inventory account and the accounts payable account

Ask EduPadi AI for a Detailed Answer
Correct Option: C
Please share this, thanks:

#SS1 #SS1

Add your answer

Notice: Please post responsibly.

No responses