A Business Makes a Cash Payment to a Supplier "On

question 68

Multiple Choice

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

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

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Definitions:

Fixation

An aggressive mechanism in which an individual keeps up a dysfunctional behavior that obviously will not solve the conflict.

Aggressive Mechanism

Psychological strategies or behaviors used to express hostility or to assert dominance over others.

Defining Moments

Critical points or events that have a significant impact and influence the direction of an individual's life or an organization's path.

Personal Growth

The process of improving self-awareness, developing talents, and potential, and enhancing the quality of life.