saliufathia93
Answered

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On feb. 2, 20-0, bought goods for cash N10,000.00 ​

Sagot :

Parrain

Answer:

I am unsure of what the question demands but in case it is a journal entry, it will be shown as:

Date                     Account Title                                         Debit             Credit

Feb, 2, 20-0         Inventory                                             N10,000

                             Cash                                                                           N10,000

Cash will be credited because assets are credited when they decrease and Inventory will be debited because assets are debited when they increase.

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