In a Purchases Journal Only One Amount Is Recorded but That

question 16

Multiple Choice

In a purchases journal only one amount is recorded but that amount is posted by

• A)Debiting Accounts Payable and crediting Inventory
• B)Debiting Inventory and crediting cash
• C)Debiting cash and crediting accounts payable
• D)Debiting inventory and crediting accounts payable

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Definitions:

Harmony

A pleasing combination or arrangement of different things, often referring to a state of agreement or tranquility.

Dominate

To have control or power over; to be the most influential factor in.

Function

In mathematics and computer science, a specific relation or expression involving one or more inputs and a single output.

Anal Stage

A phase in Freud's psychosexual development theory where pleasure is focused on the anal region and issues around control and order arise.