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If the inventory is purchased by paying business bank money, the accounting entry for this purchase will be OA. Dr. Inventory and Gr. Accounts Payable
If the inventory is purchased by paying business bank money, the accounting entry for this purchase will be OA. Dr. Inventory and Gr. Accounts Payable OB. Dr. Purchase and Cr. Bank oc. Dr. Inventory and Cr. Cash OD. Dr. Purchase and Cr. Cash
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Basic Principles Of Accounting A Guide For Toatal Beginners
Authors: Simon Udeh Andrew
1st Edition
979-8861488440
