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On feb. 2, 20-0, bought goods for cash N10,000.00 ​

1 Answer

3 votes

Answer:

I am unsure of what the question demands but in case it is a journal entry, it will be shown as:

Date Account Title Debit Credit

Feb, 2, 20-0 Inventory N10,000

Cash N10,000

Cash will be credited because assets are credited when they decrease and Inventory will be debited because assets are debited when they increase.

User KatGaea
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