Which of the Following Is Not Included in the Purchases

question 39

Multiple Choice

Which of the following is not included in the purchases journal?

• A)purchases of Merchandise Inventory for cash
• B)purchase of Merchandise Inventory on account
• C)purchase of Office Supplies on credit
• D)purchase of Capital Assets on account

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Definitions:

Depreciating

Depreciating refers to the reduction in the value of an asset over time due to factors such as wear and tear or obsolescence.

Exports

Goods or services produced in one country and sold to customers in other countries, contributing to a nation's economy.

Imports

Goods or services brought into one country from another for the purpose of trade or sale.

Business Cycle

The cyclical fluctuations in economic activity and growth that an economy experiences over time, typically consisting of expansion, peak, contraction, and trough phases.