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6 July, 08:14

The business bought supplies on account. To record this transaction,

A. an expense is debited, and a liability is credited.

B. an asset is debited, and an asset is credited.

C. an asset is debited, and a liability is credited.

D. None of the above

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  1. 6 July, 08:16
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    The correct answer is C.
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