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31 May, 21:24

When merchandise is bought for resale, which account would be decreased?

a. Store Equipment

b. Purchases

c. Cash

d. Capital

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Answers (1)
  1. 1 June, 00:19
    0
    When merchandise is bought for resale or when the merchandise was purchased in order to be resold, the Cash account will going to decrease and the asset account inventory will going to increase because of the double entry system. Therefore, the answer to the question is letter B. Cash.
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