Home » MCQs » Commerce MCQs » Basic Accounting MCQs

Purchases are Debited when?

47. Purchases are Debited when?

1. Goods are purchased on cash
2. Goods are sold at a discount
3. Goods are purchased on credit
4. Goods are lost

Answer: C) Goods are purchased on credit

Explanation:

Purchases are debited when an organisation purchases goods on credit.