Credit Purchase can be obtained by preparing .

cash book

No worries! We‘ve got your back. Try BYJU‘S free classes today!

statement of affairs

No worries! We‘ve got your back. Try BYJU‘S free classes today!

debtors account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

creditors account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D creditors account
Liability to creditors arises only when there is credit purchase, and hence credit purchase can be obtained by preparing creditors account.

Suggest Corrections

Similar questions

Credit purchases can be obtained by preparing:

Credit sales can be obtained by preparing:

Cash in hand can be obtained by preparing:

Join BYJU'S Learning Program