Alf sells merchandise on credit to Bob for 100 CU.How will the transaction be recorded in Bob's accounting records?
A) Purchases of merchandise => Credit : 100
Supplier Alf => Debit : 100
B) Purchases of merchandise => Credit : 100
Supplier Alf => Credit : 100
C) Purchases of merchandise => Debit : 100
Supplier Alf => Debit : 100
D) Purchases of merchandise => Debit : 100
Supplier Alf = >Credit : 100
Correct Answer:
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