The Payment of a Telephone Bill for the Month Would

question 11

Multiple Choice

The payment of a telephone bill for the month would include

• A) debiting Capital and crediting Accounts Payable.
• B) debiting Cash and crediting Telephone Expense.
• C) debiting Telephone Expense and crediting Accounts Payable.
• D) debiting Telephone Expense and crediting Cash.

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Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Independent Events

Two or more events where the occurrence or outcome of one event does not affect the occurrence or outcome of the other.

P(A And B)

The probability of both event A and event B occurring together.

P(A Or B)

The probability that either event A or event B occurs or both events occur together, a fundamental concept in probability theory.