Question

do the general ledger account

inventory was bought from a wholesaler and R6000 was paid per EFT

Answer 1

[AI-generated answer — Bot GPT 3.5]

Yes, the general ledger account "Inventory" would be affected by this transaction. The Inventory account would be debited for R6000 to record the purchase of inventory from the wholesaler. Additionally, the Cash or Bank account would be credited by R6000 to reflect the payment made via EFT.