Which of the Following Transactions Would Involve a Debit to an Asset

question 14

Multiple Choice

Which of the following transactions would involve a debit to an asset account?

• A)recording depreciation expense on capital assets
• B)payment of an accounts payable
• C)payment of a dividend
• D)collection of an accounts receivable

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Definitions:

Chronological Order

The arrangement of events, actions, or processes in the order of their occurrence in time.

Correct Procedure

The accurate or approved method or course of action to accomplish a specific task.

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