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I have a simple question related to accounting's general journal when I pay a transportation or delivery expense. will it be recorded like this in
I have a simple question related to accounting's general journal
when I pay a transportation or delivery expense. will it be recorded like this in the general journal?
As buyer, the debit side is Merchandise Inventory, while the credit is Cash.
But as seller, the debit is Cost of Goods sold while the credit is Cash...? Lets assume they paid in cash. Thank you so much!
Is this correct?
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