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A purchase of inventory on account affects which accounts on the purchaser's books? Question 11 options: a) Only purchases and accounts payable both increase b)

A purchase of inventory on account affects which accounts on the purchaser's books?

Question 11 options:

a)

Only purchases and accounts payable both increase

b)

Purchases, accounts payable, and inventory all increase

c)

Only inventory and accounts payable both increase

d)

Purchases, inventory, and cost of goods sold all increase, and cash decreases

e)

Sales, accounts payable, inventory and cost of goods sold all increase

f)

Inventory increases and cash decreases

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