An automobile parts retailer purchases merchandise inventory on account.When using a manual accounting information system,this transaction is recorded in the ________.
A) purchases journal
B) general journal
C) cash payments journal
D) sales journal

Question

Quizplus · Accepted Answer

Purchasing merchandise inventory on account would typically be recorded in the purchases journal in a manual accounting information system. This journal is used to record credit purchases of merchandise or inventory.

An Automobile Parts Retailer Purchases Merchandise Inventory on Account