Double-entry accounting records exchanges in a transaction with debits and credits. Which of the following is recorded when a company purchases a desk and pays cash?
A) The desk is recorded with a credit and the cash is recorded with a credit
B) The desk is recorded with a debit and the cash is recorded with a debit
C) The desk is recorded with a credit and the cash is recorded with a debit
D) The desk is recorded with a debit and the cash is recorded with a credit
Correct Answer:
Verified
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A)Write
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