Use the information given above to answer the following questions:
Greening Ltd is a newly established business selling computer hardware. Shown below are ledger accounts in T-account form, with entries made for the first month of operations.

-What does transaction (2)represent?
A) purchase of inventory on credit
B) purchase of inventory for cash
C) sale of inventory on credit
D) sale of inventory for cash.

Question

Use the information given above to answer the following questions:
Greening Ltd is a newly established business selling computer hardware. Shown below are ledger accounts in T-account form, with entries made for the first month of operations.

-What does transaction (2)represent?
A) purchase of inventory on credit 
B) purchase of inventory for cash 
C) sale of inventory on credit 
D) sale of inventory for cash.

Quizplus · Accepted Answer

The Answer of Use the information given above to answer the following questions:
Greening Ltd is a newly established business selling computer hardware. Shown below are ledger accounts in T-account form, with entries made for the first month of operations.

-What does transaction (2)represent?
A) purchase of inventory on credit 
B) purchase of inventory for cash 
C) sale of inventory on credit 
D) sale of inventory for cash.

Use the Information Given Above to Answer the Following Questions