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:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, emphasizing logic, rationality, and skepticism.

Preattention

A cognitive process allowing the brain to focus on relevant stimuli while ignoring irrelevant information.

Base-Rate Information

Fundamental statistics or probabilities that are used for reference or as a baseline in decision-making processes.

Representativeness Heuristic

A mental shortcut that involves making judgments based on how much one thing resembles another, which can lead to biases in decision making.