Double-Entry Accounting Records Exchanges in a Transaction with Debits and Credits

question 12

Multiple Choice

Double-entry accounting records exchanges in a transaction with debits and credits. Which of the following is recorded when a company purchases a desk and pays cash?

• A)The desk is recorded with a credit and the cash is recorded with a credit
• B)The desk is recorded with a debit and the cash is recorded with a debit
• C)The desk is recorded with a credit and the cash is recorded with a debit
• D)The desk is recorded with a debit and the cash is recorded with a credit

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Definitions:

Surface Water Temperatures

The temperatures recorded at the surface of bodies of water, such as lakes, rivers, and oceans, which can vary widely based on geographical location, season, and time of day.

Sales Trend

The general direction in which sales revenue moves over a period of time, indicating either growth, stability, or decline.

Histogram

A graphical representation of the distribution of numerical data, where the data is divided into intervals or "bins," and the frequency of data within each bin is depicted.

Bar Chart

A graphical representation of data using bars of different heights or lengths to compare values across categories.