Making a Cash Payment to Settle a Debt Would Include

question 83

Multiple Choice

Making a cash payment to settle a debt would include a:

• A)debit to Cash.
• B)credit to Cash.
• C)credit to Accounts Payable.
• D)debit to Accounts Receivable.

---

Definitions:

Federal Law

Legislation enacted by Congress and signed by the president.

Legislation

Laws that have been passed by a governing body or the process of making or enacting laws.

Licensing Rules

Regulations and guidelines that govern the process of obtaining official permission to operate businesses or perform certain professions.

Pennsylvania Legislature

The Pennsylvania Legislature is the state legislature of Pennsylvania, consisting of two houses: the Senate and the House of Representatives.