A Business Repays the Amount Borrowed on a Note Payable

question 120

Multiple Choice

A business repays the amount borrowed on a note payable by cash. Which of the following accounts will be credited?

• A)Accounts Payable
• B)Cash
• C)Notes Payable
• D)Notes Receivable

---

Definitions:

Psychoses

A severe mental disorder in which thought and emotions are so impaired that contact is lost with external reality.

Distorted Perceptions

Altered or inaccurate interpretations of sensory information, which can occur due to various psychological conditions.

Impaired Functioning

A reduction in the ability to perform or operate normally, often due to physical or psychological conditions.

Dissociative Identity Disorder

A severe form of dissociation, a mental process which produces a lack of connection in a person's thoughts, memory, and sense of identity.