Provide descriptions for this transaction: Debit office supplies $2,000 and credit liability $,2000

Provide descriptions for this transaction: Debit office supplies $2,000 and credit liability $,2000




a. Buying office supplies by cash $2,000
b. Buying office supplies on credit $2,000
c. Arrange office supplies contract on credit $2,000
d. Arrange office supplies contract by cash $2,000
e. None of these





Answer: B


Learn More :