On which type of transactions will purchase account be credited??
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The purchases account is credited in the following cases. Normally, when goods leave a business, the transactions are termed sales. However, in all of the above cases, purchases are reduced by crediting the purchases account, which is because no sales are happening.
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Answer:
ONLINE TRANSACTIONS
Explanation:
Normally, when goods leave a business, the transactions are termed sales. However, in all of the above cases, purchases are reduced by crediting the purchases account, which is because no sales are happening. Instead, goods are leaving the business without being sold.
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