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Goods purchased for cash are recorded by

1923Medium DSSSB TGT Computer Science 0 replies 1 views
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Goods purchased for cash are recorded by

  • Adebiting Cash A/c and crediting Purchases A/c
  • Bdebiting Purchases A/c and crediting Cash A/c
  • Cdebiting Purchases A/c and crediting Creditors A/c
  • Ddebiting Sales A/c and crediting Cash A/c
Correct answer: B

Explanation

Purchases is an expense/asset-like account that increases (debit) while cash, an asset, decreases (credit).
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