If a Company Arranges to Pay Later Rather Than in Cash

question 33

Multiple Choice

If a company arranges to pay later rather than in cash for materials and other expenses,its accountant must set up accounts _____.

• A)payable
• B)receivable
• C)on hand
• D)accrued

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Definitions:

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A broad range of mental health conditions that affect mood, thinking, and behavior.

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An ancient Greek physician often referred to as the "Father of Medicine," known for his lasting contributions to the practice of medicine, including the Hippocratic Oath.

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