When purchases of merchandise are made for cash, thetransaction: a. increases Ca

Question

When purchases of merchandise are made for cash, thetransaction:
a. increases Cash; decreases Merchandise Inventory b. increases Merchandise Inventory; decreases Cash c. increases Merchandise Inventory; decreases CashDiscounts d. increases Merchandise Inventory; decreases Purchases When purchases of merchandise are made for cash, thetransaction:
a. increases Cash; decreases Merchandise Inventory b. increases Merchandise Inventory; decreases Cash c. increases Merchandise Inventory; decreases CashDiscounts d. increases Merchandise Inventory; decreases Purchases

Explanation / Answer

the answer is b increase or debit merchandise inventory anddecrease or credit cash

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