Question

In case of a credit transaction one of the account must be a_____account

Answer 1

Answer:

Current

Explanation:

In case of a credit transaction one of the account must be a current account.

Hope it helps you...

Answer 2

In the case of credit transaction, one of the accounts must be a accounts payable account.

Explanation:

• The accounts payable account is the money to be paid for the purchase of a certain product.  

• It is a liability account and needs to have a credit balance. It is the amount that the person or company owes to the vendors or other suppliers.  

• When the company pays the amount payable to the specific vendor the amount that is included in Accounts Payable then the amount payable will be debited from the accounts payable to increase the credit balance.

Learn more about payable account

What is real account?

https://brainly.in/question/5410758

What Is Account Payable? How We Pass The Entries In Account Payable?

https://brainly.in/question/9536689