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  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 7: Special Journals and Subsidiary Ledgers: the Basics: Purchases and Cash Payments Journals
  5. Question
    A Debit Memorandum Decreases Which Account on the Purchase's Books
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A Debit Memorandum Decreases Which Account on the Purchase's Books

Question 55

Question 55

Multiple Choice

A debit memorandum decreases which account on the purchase's books?


A) Cash
B) Accounts Payable
C) Cost of Goods Sold
D) Accounts Receivable

Correct Answer:

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