On 30 June, Dawes Pty Ltd Receives an Account for TV

question 14

Multiple Choice

On 30 June, Dawes Pty Ltd receives an account for TV advertising for the month of June. It is not due for payment until August. The transaction would be recorded as:

• A) DR Accounts payable
• CR Advertising expense
• B) DR Advertising expense
• CR Prepaid expenses
• C) DR Prepaid expenses
• CR Accounts payable
• D) DR Advertising expense
• CR Accounts payable

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Definitions:

Universal

Relating to, affecting, or applicable to every part of something or to all within a category or group.

Psychoactive Drug

A substance that affects the brain's operation, leading to changes in how one perceives, feels, is conscious, thinks, or acts.

Alcohol

is a psychoactive substance that acts as a central nervous system depressant, often used socially for its effects on mood and behavior.

Alcohol

A chemical compound commonly found in beverages that can alter consciousness and have effects on the body.