A Check Drawn by a Company for $360 in Payment

question 179

Multiple Choice

A check drawn by a company for $360 in payment of a liability was recorded in the journal as $630.What entry is required in the company's accounts?

• A) debit Accounts Payable; credit Cash
• B) debit Cash; credit Accounts Receivable
• C) debit Cash; credit Accounts Payable
• D) debit Accounts Receivable; credit Cash

Recognize the role of imitation in early cognitive development and bonding.

Discern between assimilation and accommodation in cognitive development.

Comprehend the basic computational concepts understood by infants.

Recognize the varied pace and nature of cognitive development across different children.

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Definitions:

Compensable Factors

Elements of a job that are used to determine its value and appropriate compensation, such as skill level, effort, responsibility, and working conditions.

Pay Grades

A structured pay scale that determines the salary range for different levels of positions within an organization.

Labour Costs

The total expenditure borne by employers for the payment of wages, benefits, and other forms of compensation to their employees.

Pay Grades

A structure categorizing employees based on job functions, responsibilities, and pay ranges, designed to ensure fair and equitable compensation within an organization.