Question

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

Answer 1

Hi there

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

Good luck

Answer 2

Answer:

The answer is C. An asset is debited, and a liability is credited.

Explanation:

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