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For a Retail Business,a Delivery of Inventory,from a Vendor (With

Question 11

Multiple Choice

For a retail business,a delivery of inventory,from a vendor (with whom there is an established credit relationship) would be initially recorded in which type of accounting record as part of which transaction cycle?


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

Correct Answer:

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