The account that is credited for every transaction entered in the purchases journal is:
A)cash.
B)accounts payable.
C)accounts receivable.
D)sales discounts.

Name: The account that is credited for every transaction entered in the purchases journal is: A)cash. B)accounts payable. C)accounts receivable. D)sales discounts.
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Question

Quizplus · Accepted Answer

In the purchases journal, the account that is typically credited is Accounts Payable, as it represents the liability incurred from purchasing goods on credit.

The Account That Is Credited for Every Transaction Entered in the Purchases