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A Delivery of Inventory from a Vendor,with Whom a Credit

Question 93

Multiple Choice

A delivery of inventory from a vendor,with whom a credit line is already established,would be initially recorded in which type of accounting record and as part of what transaction cycle?


A) purchases journal;expenditure cycle
B) general journal;expenditure cycle
C) general ledger;expenditure cycle
D) cash disbursements journal;production cycle

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