Retail
Inventory Purchase — Cash Payment
Buying stock directly from a supplier with immediate cash payment.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Merchandise Inventory | Asset (+) | 10,000.00 | - |
| Cash / Bank | Asset (-) | - | 10,000.00 |
💡 Accountant's Note
Inventory purchased for cash is immediately an asset at cost. It remains on the balance sheet until sold, when it transfers to Cost of Goods Sold.
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