The cost of goods purchased by cash was wrongly debited to sales account and credited...
FINANCIAL
POST UTME OAU
The cost of goods purchased by cash was wrongly debited to sales account and credited to cash book. The entries necessary to correct the error are:
- A) Dr. purchases account; Cr cash book
- B) Dr. sales account; Cr cash book
- C) Dr cash book ; Cr sales account
- D) Dr purchases account; Cr sales account
Correct Answer: D) Dr purchases account; Cr sales account
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