A Business Makes a Cash Payment to a Supplier on Account

question 116

Multiple Choice

A business makes a cash payment to a supplier on account (for Office Supplies which were purchased earlier.) Which of the following accounts will be debited?

• A)Cash
• B)Accounts Payable
• C)Office Supplies
• D)Utilities Expense

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Definitions:

Foreign Policy

Strategies and decisions a country employs in its interactions with other nations, focusing on diplomacy, security, and economic interests.

War Powers Resolution Act

A federal law intended to check the president's power to commit the United States to armed conflict without the consent of Congress, passed in 1973.

Congress Limits

Legal and constitutional boundaries that define the powers and functions of the U.S. Congress, preventing overreach into areas reserved for the states or other branches of government.

Vietnam War

A protracted conflict (1955-1975) between North Vietnam, supported by its communist allies, and South Vietnam, supported by the United States and other anti-communist nations.