The Accounting Transaction to Record Payment of the Telephone Bill

question 168

Multiple Choice

The accounting transaction to record payment of the telephone bill would include a:

• A) credit to Cash
• B) credit to Accounts Payable
• C) credit to Utilities Expense
• D) debit to Accounts Receivable

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Definitions:

Open-door Policy

A management approach where executives keep their doors open, encouraging open communication, feedback, and discussion among all levels of staff.

Supervisor

A person who oversees the work of others, ensuring tasks are completed effectively and efficiently while providing guidance and support.

Diagonal Communication

The transmission of messages to higher or lower organizational levels in different departments.

Organizational Levels

The hierarchical layers within an organization, structured according to authority, responsibility, and communication flow.