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In a Typical Purchases Journal,you Would Expect to See the Following

Question 102

Multiple Choice

In a typical purchases journal,you would expect to see the following columns:


A) Accounts payable dr.
B) Purchase discounts cr.
C) Accounts receivable cr.
D) Inventory dr.(if perpetual method used) .
E) Cost of Goods Sold dr.(if perpetual method used) .

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