Which of the following would be recognised as a transaction on credit?
A) Payment of salaries.
B) Depreciation of motor vehicle.
C) Owner drawings.
D) Purchasing inventory on account.
Correct Answer:
Verified
Q10: The duality concept requires that each transaction
Q11: On 27 January,Rose Pty Ltd provides a
Q12: An owner pays her private motor vehicle
Q13: A business purchasing inventory on credit creates
Q14: The business completes a purchase order for
Q16: The following accounts: equipment,accounts payable,sales revenue and
Q17: Which of these is a business transaction?
A)
Q18: The effect of profit on the accounting
Q19: For the accounting equation to balance each
Q20: Assets should always be:
A) equal to liabilities.
B)
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