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    fanancial accounting problems

    purchase inventory for cash


     

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    0  Views: 569 Answers: 1 Posted: 12 years ago
    Ducky

    Moderator
    What exactly is the accounting problem?
    Commented 12 years ago
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      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. 

      12 years ago. Rating: 3
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