The Business Bought Supplies with Cash.To Record This

question 56

Multiple Choice

The business bought supplies with cash.To record this:

• A)an expense is debited and a liability is credited.
• B)an asset is debited and an asset is credited.
• C)an asset is debited and a liability is credited.
• D)None of these is correct.

---

Definitions:

Need For Achievement

An individual's desire for significant accomplishment, mastering of skills, control, or high standards.

Need For Affiliation

A person's desire to build and maintain strong, positive relationships with others.

Need For Power

A personal drive to influence, control or have authority over others, as described in McClelland's theory of needs.

ERG Theory

A theory in psychology proposed by Clayton Alderfer that categorizes human needs into three categories: Existence, Relatedness, and Growth, and suggests that these needs can be pursued simultaneously.