by: Admin_LouisPosted on:

Antics Electronic Company recently bought six generators. Which of the following is the correct method of recording this transaction?

Antics Electronic Company recently bought six generators. Which of the following is the correct method of recording this transaction?

A Debit generator account and credit cash account

B Debit purchases account and credit cash account

C Debit cash accounts and credit purchases account

D Debit cash account and credit generator account

Answer is A

Related posts:

  1. Assigning revenues to the accounting period in which goods were sold or services rendered and expenses incurred is known as
  2. The suspense account is used to correct book-keeping error where the
  3. Beginning and ending accounts receivable balances were N8,000 and N15,000 respectively. If collections from customers during the period were N36,000, then total sales on account would be
  4. Under which of the following conditions is a partnership dissolved?

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: