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Purchase credit journal entry is videotaped in the company’s account books when the company purchases the goods on credit from a third party (vendor). When Linkedin账号购买 are made on credit terms, then the purchases account will be debited in guides of accounts of the company, which will be displayed in the company’s income statement. The accounts the payable account will be debited because, with the credit purchase, the company’s liability rises, and this liability will be reflected in the company’s annual report until the very same gets cleared up by repaying the amount against such purchases to the vendor.
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