A Business Makes a Cash Payment of $12,000 to a Creditor

question 62

Multiple Choice

A business makes a cash payment of $12,000 to a creditor. Which of the following accounts will be credited?

• A)Cash
• B)Accounts payable
• C)Bank
• D)Accounts receivable

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Definitions:

Inverted Nipple

A condition where the nipple, instead of pointing outward, is retracted into the breast.

Areolar Pigment

The natural coloration of the areola, the darkened area around the nipple, which can vary greatly among individuals.

Erect Nipples

A condition where the nipples become hard and raised, often as a result of cold temperature or sexual arousal, due to the contraction of muscle fibers.

Breast Cancer

A type of cancer that forms in the cells of the breasts, being one of the most common cancers diagnosed in women worldwide, but can also occur in men.