Financial Accounting | Study Mode

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Question 3
A
cost of sales and increase gross profit 
B
gross profit and increase cost of sales 
C
purchases and increases sales 
D
sales and increase purchases 
Explanation.
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Correct Option:
A
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Question 5
A
asset account credit purchase account 
B
asset account credit capital account 
C
capital account credit asset account 
D
capital account credit profit and loss account 
Explanation.
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No official Explanation yet!


Correct Option:
B
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