close
    1. Home
      2. ›
    2. Politics & Government
      3. ›
    3. Law & Ethics
      4. ›
    4. fanancial accounting problems
    fanancial accounting problems

    purchase inventory for cash


     

    Answer this
    0  Views: 534 Answers: 1 Posted: 11 years ago
    Ducky

    Moderator
    What exactly is the accounting problem?
    Commented 11 years ago
    Comment this question

      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. 

      11 years ago. Rating: 3
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Law & Ethics category

         
        ROMOS
        Answers: 163 / Questions: 0
        Karma: 10440
         
        Colleen
        Answers: 312 / Questions: 0
        Karma: 8825
         
        Benthere
        Answers: 10 / Questions: 0
        Karma: 8505
         
        jhharlan
        Answers: 114 / Questions: 0
        Karma: 6735
        > Top contributors chart

        Unanswered Questions

        daga01club
        Answers: 0 Views: 6 Rating: 0
        Hitclub Hitclub
        Answers: 0 Views: 55 Rating: 0
        Hitclub Hitclub
        Answers: 0 Views: 54 Rating: 0
        B52club B52club
        Answers: 0 Views: 60 Rating: 0
        Nội thất trường học
        Answers: 0 Views: 93 Rating: 0
        Game Bài Đổi Thưởng
        Answers: 0 Views: 107 Rating: 0
        xx88yokohama
        Answers: 0 Views: 112 Rating: 0
        Rikvip Rikvip
        Answers: 0 Views: 135 Rating: 0
        > More questions...
        509200
        questions
        751724
        answers
        850568
        users