Which of the Following Would Result If the Business Purchased

question 82

Multiple Choice

Which of the following would result if the business purchased supplies on credit?

• A) Supplies would increase and Cash would decrease.
• B) Supplies would increase and Capital would increase.
• C) Supplies would increase and Accounts Payable would increase.
• D) The purchase of supplies is not a business transaction.

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Definitions:

Unsolicited Card

A credit or debit card sent to individuals without their request, which has been largely prohibited by certain regulations.

Stolen

Taken without permission or legal right and without intending to return it.

Deceptive Claim

A false or misleading statement made about a product or service, often used in advertising or sales to induce consumers to buy.

Advertisement

A notice or announcement in a public medium promoting a product, service, or event.