26 - Which of the following transactions does this record belong to? a)Record of purchase of goods against promissory note B)Record of purchase of goods on credit NS)Forward purchase of goods record D)Register of purchase of goods on credit TO)Record of purchase of goods by endorsement of check .../202Debtreceivable153 Commercial Goods Hs.102.000191 VAT Deductible18.360120.360321 Debt Securities Hs.

Purchase are debted and debt securities are credited. Promissory note are debt securities

Answered: - Which of the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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26 -

Which of the following transactions does this record belong to?

a)	Record of purchase of goods against promissory note

B)	Record of purchase of goods on credit

NS)	Forward purchase of goods record

D)	Register of purchase of goods on credit

TO)	Record of purchase of goods by endorsement of check

.../202
Debt
receivable
153 Commercial Goods Hs.
102.000
191 VAT Deductible
18.360
120.360
321 Debt Securities Hs.

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- Which of the following transactions does this record belong to? a) Record of purchase of goods against promissory note B) Record of purchase of goods on credit NS) Forward purchase of goods record D) Register of purchase of goods on credit TO) Record of purchase of goods by endorsement of check

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