Jane bought goods and settled the payment by credit transfer. In Jane’s accounting records, how ought this transaction to be entered?
- Aaccount to be debited: bank; account to be credited: purchases
- Baccount to be debited: purchases; account to be credited: bank
- Caccount to be debited: purchases; account to be credited: trade payable
- Daccount to be debited: trade payable; account to be credited: purchases