Asked by
Ashley Lozano
on Nov 14, 2024Verified
In the expanded purchases journal debits are made in which columns?
A) Accounts Payable Inventory and Supplies
B) Inventory Supplies and Other Accounts
C) Cash Supplies and Other Accounts
D) Accounts Payable Cash and Inventory
Expanded Purchases Journal
A detailed record used in accounting to track all purchase transactions, including more comprehensive data than a standard journal.
Accounts Payable
A liability to a creditor, usually for purchases of goods and services.
Inventory
Materials and products a business holds for the purpose of sale or production.
- Master the approach for recording entries in the general and subsidiary ledgers.
Verified Answer
KC
Learning Objectives
- Master the approach for recording entries in the general and subsidiary ledgers.
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