Which Account Is Least Likely to Be Credited When an Expense

question 135

Multiple Choice

Which account is least likely to be credited when an expense is recorded?

• A)Cash
• B)Accounts Payable
• C)An account with the word "Prepaid" in its title
• D)Accounts Receivable

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Definitions:

Average Total Cost

The total cost of production divided by the quantity produced, also known as cost per unit.

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An operating system developed by Microsoft Corporation, widely used in personal computers and devices.

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A film format introduced by Kodak in the 1980s for still photography, using a disc-shaped film cassette, now mostly obsolete.

Marginal Utility

The incremental pleasure or usefulness attained by consuming an extra unit of a good or service.