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    Financial Accounting Study Set 1
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    Exam 2: The Balance Sheet
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    Which Account Is Affected by Recording the Buying of Goods
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Which Account Is Affected by Recording the Buying of Goods

Question 127

Question 127

Multiple Choice

Which account is affected by recording the buying of goods on credit?


A) Cash
B) Retained Earnings
C) Common Stock
D) Accounts Payable

Correct Answer:

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