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A comment on Apple's Supply Chain Secret. Parent comment
Accounting:
1) Buy parts for $1000
debit Parts Inventory $1000 credit Liabilities - Accounts Payable $1000
2) Pay vendor
debit Liabilities - Accounts Payable $1000 credit Cash $1000
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Accounting:
1) Buy parts for $1000
debit Parts Inventory $1000 credit Liabilities - Accounts Payable $1000
2) Pay vendor
debit Liabilities - Accounts Payable $1000 credit Cash $1000