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Greening Ltd Is a Newly Established Business Selling Computer Hardware

Question 32

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Greening Ltd is a newly established business selling computer hardware.Shown below are ledger accounts in T-account form,with entries made for the first month of operations. Greening Ltd is a newly established business selling computer hardware.Shown below are ledger accounts in T-account form,with entries made for the first month of operations.    -What does transaction (2) represent? A)  Purchase of inventory on credit B)  Purchase of inventory for cash C)  Sale of inventory on credit D)  Sale of inventory for cash
-What does transaction (2) represent?


A) Purchase of inventory on credit
B) Purchase of inventory for cash
C) Sale of inventory on credit
D) Sale of inventory for cash

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