What Is the General Ledger Impact When a Vendor Invoice

question 63

Multiple Choice

What is the general ledger impact when a vendor invoice is received and verified?

• A)Debit GR/IR,credit vendor subledger account
• B)Debit inventory,credit GR/IR
• C)Debit vendor subledger account,credit COGS
• D)Debit inventory,credit vendor subledger account
• E)Debit vendor subledger account,debit GR/IR

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