Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

A purchases invoice was entered on the credit side of the purchases account. How should the balance on the purchases account be adjusted?

  • Adecrease by the value of the invoice
  • Bdecrease by twice the value of the invoice
  • Cincrease by the value of the invoice
  • Dincrease by twice the value of the invoice

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