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When a business purchases goods on credit the double entry is: Select one: O a. Increase: Purchases account Decrease: Bank account. O b. Decrease: Trade

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When a business purchases goods on credit the double entry is: Select one: O a. Increase: Purchases account Decrease: Bank account. O b. Decrease: Trade payables account Decrease: Purchases account. C. Increase: Purchases account Increase: Trade payables account. O d. Increase: Purchases account Decrease: Trade receivables account

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