5. Which accounts are debited and credited when you purchase inventory on accoun

Question

5. Which accounts are debited and credited when you purchase inventory on account? A. Debit Accounts Payable/Vendor; Credit Expense account B. Debit Material Cost account; Credit Accounts Payable/Vendor C. Debit Accounts Receivable Customer; Credit Sales account D. Debit Accounts Payable Vendor; Credit Inventory account 6. To see how Mr. Hardman's charges were billed to a customer, you need to click Customers& Sales> Sales Invoices > A. New bill. B. Purchase/Receive Inventory. C. View and Edit Sales Invoices. D. Time/Expense> Expense tickets. 7, e adesed poe A. Firewall and antivirus protection B. Excel C. Backup and restore D. Windows Accessories r nayment?

Explanation / Answer

Question 5 - Option B is correct option. (When we purchase a inventory, Debit is made to the Inventory/Material Account and Credit is made to the Accounts Payable or Cash account)

Question 6 - Option C is a correct option. (In order to see how Mr. Hardman's Charges were billed to a customer, we need to click on View and Edit sales invoices)

Question 7 - Option A could be correct option. (Firewall and Antivirus protection may prevent installation)

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