A Business Pays a Creditor on Account

question 53

Multiple Choice

A business pays a creditor on account.The entry to record this transaction is:

• A) Debit Accounts Payable;Credit Cash
• B) Debit Accounts Receivable;Credit Accounts Payable
• C) Debit Cash;Credit Accounts Payable
• D) Debit Accounts Receivable;Credit to Cash

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Definitions:

Hyperlink Address

The URL or path specified in a hyperlink that directs the user to a new location or document when clicked.

Form Layout View

A design mode in database applications where the structure and layout of a form can be edited while showing the data.

Subform

A form embedded within another form in a database application, often used to show related records.

Option Group

A user interface control that presents a set of mutually exclusive choices to the user, often represented as radio buttons or a dropdown list.