A. sales account and credit bank account
B. purchases and credit bank account
C. cash and credit freehold
D. bank and credit freehold
Correct Answer:
Option B – purchases and credit bank account
Explanation
In the book of the buyer, we debit stock or purchase account and credit bank
Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…
Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…
Do you want to study Cooperative and Business Management in OOU? Before you apply for…
Do you want to study Home and Hotel Management in OOU? Before you apply for…
Do you want to study Animal Production in OOU? Before you apply for the OOU…
Do you want to study Crop Production in OOU? Before you apply for the OOU…