PRC-1 · Chapter 3 · Question 96 of 100
The correct double-entry for purchasing office stationery using physical cash is:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Debit Stationery Expense, Credit Cash
Explanation
Purchasing stationery is an operating expense. The expense increases (Debit Stationery Expense) and the physical cash asset decreases (Credit Cash).
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