Goods were purchased on account last month. What is the correct entry to record the payment made this month for the purchase previously made? | Cheap Nursing Papers

Goods were purchased on account last month. What is the correct entry to record the payment made this month for the purchase previously made?

Goods were purchased on account last month. What is the correct entry to record the payment made this month for the purchase previously made?

Select one:

a. Debit inventory and credit accounts payable

b. Debit accounts payable and credit cash

c. Debit inventory and credit cash

d. Debit expenses and credit cash

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15

Order Now

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp