When a company orders goods for resale,what is the accounting entry?
A. DR Inventory $\quad $ CR Accounts payable

B. DR Purchases $\quad $ CR Accounts payable

C. DR Accounts receivable $\quad $ CR Accounts payable

D. No accounting entry is required yet.

Question

When a company orders goods for resale,what is the accounting entry?
A. DR Inventory  $\quad $ CR Accounts payable

B. DR Purchases  $\quad $ CR Accounts payable

C. DR Accounts receivable  $\quad $ CR Accounts payable

D. No accounting entry is required yet.

Quizplus · Accepted Answer

The Answer of When a company orders goods for resale,what is the accounting entry?
A. DR Inventory  $\quad $ CR Accounts payable

B. DR Purchases  $\quad $ CR Accounts payable

C. DR Accounts receivable  $\quad $ CR Accounts payable

D. No accounting entry is required yet.

When a Company Orders Goods for Resale,what Is the Accounting \quad