A Business Makes a Cash Payment of $12 000 to an Account

question 86

Multiple Choice

A business makes a cash payment of $12 000 to an account payable.Which account is debited?

• A)Accounts payable
• B)Cash
• C)Service revenue
• D)Accounts receivable

Identify resources and strategies for job hunting and career advancement in IT.

Explore the role of diversity and inclusivity in the IT workplace.

Understand the impact of geographical information on IT jobs and the necessity of being on-call or available outside standard working hours.

Understand the demographics and diversity in the IT workforce.

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Definitions:

Growth Stage

Represents a phase in the lifecycle of a business or product characterized by rapid revenue and customer base expansion, often accompanied by increasing operational complexities.

First-mover Advantage

The competitive edge gained by a company that first introduces a product or service to the market, capitalizing on the opportunities before others.

Industry

The sector of the economy characterized by the production and manufacture of goods or the provision of services within a particular area of specialization.

Niche Market

A specialized segment of the market for a particular kind of product or service with specific customer needs.