Which of the Following Accounts Is Not Affected by Cash

question 36

Multiple Choice

Which of the following accounts is not affected by cash disbursement transactions?

• A)Cash.
• B)Accounts payable.
• C)Purchase discounts.
• D)Purchase returns.

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Definitions:

Work-For-Hire Agreement

A contract where an employer owns the rights to the intellectual property created by an employee or contractor specifically for that employer during the course of employment or commission.

American Arbitration Association

A non-profit organization offering alternative dispute resolution services, including arbitration and mediation, to individuals and organizations.

Mediator

The third party in mediation whose job is to convince the contending parties to adjust or settle their dispute.

Binding Arbitration

A legal process in which a dispute is resolved by an arbitrator whose decision is final and legally binding on all parties involved.