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

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Definitions:

Non-Stop Activity

Continuous engagement in action or operation without any pauses or breaks.

Anorexia Nervosa

A psychological and eating disorder characterized by an extreme fear of gaining weight and a distorted body image, leading to self-starvation and excessive weight loss.

Relentless Pursuit

The act of chasing a goal with unwavering determination and not giving up regardless of obstacles.

Starving Herself

The act of deliberately denying oneself food, which can be a harmful behavior often associated with eating disorders or psychological distress.