When a Company Orders Goods for Resale,what Is the Accounting $\quad$

question 3

Short Answer

When a company orders goods for resale,what is the accounting entry?
A. DR Inventory $\quad$ CR Accounts payable

B. DR Purchases $\quad$ CR Accounts payable

C. DR Accounts receivable $\quad$ CR Accounts payable

D. No accounting entry is required yet.

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