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    fanancial accounting problems

    purchase inventory for cash


     

    0  Views: 487 Answers: 1 Posted: 10 years ago
    Ducky

    Moderator
    What exactly is the accounting problem?

    1 Answer

    "Purchase inventory for cash".   How is this a financial accounting problem? 
    Your inventory account is debited. Your cash account is credited.  Fairly simple. 



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