In which of the following accounts can a stationer debit the purchase of stationery?
-
Stationery account
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General expenses account
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Purchases account
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Sales account
C
Correct answer
Explanation
When a stationer purchases stationery for resale, it is treated as inventory (purchases) and debited to the Purchases account. If the stationer uses stationery for internal office use, it would be debited to Stationery account. General expenses account would be used for other administrative expenses. Sales account is used for recording sales revenue.