Multiple Choice
Thunderstruck plc purchased £2,000 of inventory,paying £800 cash.How would you record this transaction using double entry bookkeeping?
A) Debit cash £800, debit accounts payables £1,200 and credit inventory £2,000
B) Credit cash £1,200, credit accounts payables £800 and debit inventory £2,000
C) Credit cash £800, credit accounts payables £1,200 and debit inventory £2,000
D) Credit cash £800, debit inventory £800
Correct Answer:

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Correct Answer:
Verified
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