Alf Sells Merchandise on Credit to Bob for 100 CU

Multiple Choice

Alf sells merchandise on credit to Bob for 100 CU.How will the transaction be recorded in Bob's accounting records?

A) Purchases of merchandise => Credit : 100
Supplier Alf => Debit : 100
B) Purchases of merchandise => Credit : 100
Supplier Alf => Credit : 100
C) Purchases of merchandise => Debit : 100
Supplier Alf => Debit : 100
D) Purchases of merchandise => Debit : 100
Supplier Alf = >Credit : 100