A Delivery of Inventory from a Vendor,with Whom a Credit

question 93

Multiple Choice

A delivery of inventory from a vendor,with whom a credit line is already established,would be initially recorded in which type of accounting record and as part of what transaction cycle?

• A)purchases journal;expenditure cycle
• B)general journal;expenditure cycle
• C)general ledger;expenditure cycle
• D)cash disbursements journal;production cycle

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Definitions:

ATP

Adenosine triphosphate, a molecule that carries energy within cells, essential for a variety of cellular activities.

Energy Currency

ATP (adenosine triphosphate), the main energy carrier in cellular processes, providing energy for cellular activities.

Nucleotide

The basic building block of nucleic acids, such as DNA and RNA, consisting of a sugar, a phosphate group, and a nitrogenous base.

DNA Molecule

The carrier of genetic information in living organisms and viruses, composed of two long strands of nucleotides twisted into a double helix.