Which Accounts Are Affected When the Company Buys Supplies on Account

question 123

Multiple Choice

Which accounts are affected when the company buys supplies on account?

• A)Assets and Capital
• B)Liabilities and Capital
• C)Assets and Liabilities
• D)None of the above are correct.

---

Definitions:

Lymphocytes

A type of white blood cell crucial for the immune system, involved in protecting the body from infections and diseases.

Immunoglobulins

Proteins in the immune system that function as antibodies, which identify and neutralize foreign objects like bacteria and viruses.

Hemochromatosis

A genetic disorder causing excessive absorption of iron by the body, leading to its accumulation in organs and potentially causing serious damage.

Hemophilia

A rare genetic disorder in which the blood doesn't clot properly due to the lack of sufficient blood-clotting proteins, leading to excessive bleeding.