asked 210k views
2 votes
On feb. 2, 20-0, bought goods for cash N10,000.00 ​

1 Answer

3 votes

Answer:

I am unsure of what the question demands but in case it is a journal entry, it will be shown as:

Date Account Title Debit Credit

Feb, 2, 20-0 Inventory N10,000

Cash N10,000

Cash will be credited because assets are credited when they decrease and Inventory will be debited because assets are debited when they increase.

answered
User KatGaea
by
8.6k points
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