Which of the Following Statements Is Not True About Accounts

question 146

Multiple Choice

Which of the following statements is not true about accounts payable?

• A)It is credited when merchandise is purchased on account.
• B)It is credited for transportation charges paid.
• C)It is debited when payment is made on account.
• D)It is debited when merchandise is returned by the purchaser.

---

Definitions:

Diversity

Diversity in the workplace refers to recognizing and valuing difference across various dimensions such as race, gender, age, sexual orientation, and religious beliefs, among others, to build an inclusive and equitable work environment.

Competitiveness

The capability of a company, sector, or country to produce goods or services that meet the quality standards of the local and global markets at prices that are competitive.

Arguments

A discussion involving differing viewpoints or evidence, often with the aim of persuading or arriving at a conclusion.

Title VII

A portion of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.