Accounting Entries Quiz Explained

Accounting Quiz: Accounting Entries Quiz – You have made purchases of supplies on cash, how would you record its entry in the…

Accounting Entries Quiz with Answer

You have made purchases of supplies on cash, how would you record its entry in the ledger?

A) Purchases (Dr.)

Cash (Cr.)

B) Supplier (Dr.)

     Cash (Cr.)

C) Cash (Dr.)

      Supplier (Cr.)

D) Cash (Dr.)

      Purchases (Cr.)

Answer:

Definitely, we will debit Purchases & Credit Cash account. So the Correct answer to this accounting entries quiz is,

Purchases (Dr.)

Cash (Cr.)

 

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