Which of the Following Entries Records the Acquisition of Office

question 183

Multiple Choice

Which of the following entries records the acquisition of office supplies on account?

• A) Office Supplies, debit; Cash, credit
• B) Cash, debit; Office Supplies, credit
• C) Office Supplies, debit; Accounts Payable, credit
• D) Accounts Receivable, debit; Office Supplies, credit

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Definitions:

Short-Range Plans

Strategies and actions that are intended to achieve goals within a relatively brief period, typically up to one year.

Intermediate-Range Plans

Planning strategies that focus on a medium-term horizon, typically ranging from one to five years, balancing short-term and long-term objectives.

Long-Range Plans

Formulating strategies and goals for an extended time frame to guide an organization towards its vision.

Future

Pertains to the time or period that is to come after the present.