Which of the Following Asset Accounts Is Increased When a Receivable

question 68

Multiple Choice

Which of the following asset accounts is increased when a receivable is collected?

• A) Accounts Receivable
• B) Supplies
• C) Accounts Payable
• D) Cash

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Definitions:

Encoding Mechanisms

Encoding mechanisms refer to the processes through which information is transformed into a format that can be stored, retrieved, or transmitted by the brain or electronic systems.

Noise

Factors that distort communication between buyer and seller, including barriers to communication.

Caution Signals

Indicators or warnings that suggest potential problems or risks in a given context or situation.

Personal Space

The physical area surrounding an individual that is considered personal territory and is often respected by others.