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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
What would be the effect on the accounts if the business purchased office supplies for cash?
A) An asset would be debited and an expense debited.
B) An asset would be debited and an asset credited.
C) Expense would be debited and Revenue credited.
D) An asset would be debited and Revenue credited.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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7 years ago
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majestico Author
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#2
6 years ago
This is excellent. Excellent answer
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