Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

Jane bought goods and settled the payment by credit transfer. In Jane’s accounting records, how ought this transaction to be entered?

  • Adebit bank, credit purchases
  • Bdebit purchases, credit bank
  • Cdebit purchases, credit trade payable
  • Ddebit trade payable, credit purchases

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