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25 April, 05:45

The business bought supplies on account. To record this transaction,

A. an expense is debited, and a liability is credited.

B. an asset is debited, and an asset is credited.

C. an asset is debited, and a liability is credited.

D. None of the above

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Answers (1)
  1. 25 April, 06:52
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    The correct answer is C.
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