The Account That Is Credited for Every Transaction Entered in the Purchases

question 18

Multiple Choice

The account that is credited for every transaction entered in the purchases journal is:

• A)cash.
• B)accounts payable.
• C)accounts receivable.
• D)sales discounts.

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Definitions:

Mode Of Communication

The method or means through which information or messages are conveyed from one entity to another, including verbal, non-verbal, written, and digital forms.

Specific Audience

A particular group of people identified as the intended recipients of a message or piece of communication.

Specific Purpose

A particular aim or intended outcome that is sought after or desired in a given context or activity.

Critical Thinking

The process of carefully analyzing and judging a topic to establish an opinion.