What would the journal entry be for the payment of an amount owing to a supplier? A. Dr Purchases; Cr Bank B. Dr Creditors control; Cr Purchases C. Dr Creditors control; Cr Bank D. Dr Purchases; Cr Creditors control
What would the journal entry be for the payment of an amount owing to a supplier? A. Dr Purchases; Cr Bank B. Dr Creditors control; Cr Purchases C. Dr Creditors control; Cr Bank D. Dr Purchases; Cr Creditors control
What would the journal entry be for the payment of an amount owing to a supplier? A. Dr Purchases; Cr Bank B. Dr Creditors control; Cr Purchases C. Dr Creditors control; Cr Bank D. Dr Purchases; Cr Creditors control
What would the journal entry be for the payment of an amount owing to a supplier?
A. Dr Purchases; Cr Bank
B. Dr Creditors control; Cr Purchases
C. Dr Creditors control; Cr Bank
D. Dr Purchases; Cr Creditors control
Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.
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