A Business Makes a Cash Payment to a Supplier "On

question 99

Multiple Choice

A business makes a cash payment to a supplier "on account" (for supplies which were purchased earlier.) Which account is debited?

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

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Definitions:

Continental Collision

The process where two continental plates collide, leading to the formation of mountain ranges.

Thickness of Continental Crust

The measurement of how thick the layer of rocks and sediments making up the continents is, varying from 20 to 70 kilometers.

Magmas

Molten rock stored beneath the Earth's surface, which may cool to form igneous rock or erupt as lava during volcanic activities.

Catskill Delta

An ancient delta located in what is now the northeastern United States, known for its rich sediments that tell a story of Earth’s geological past.