If a Company Purchases Equipment Paying Cash, the Journal Entry

question 160

True/False

If a company purchases equipment paying cash, the journal entry to record this transaction will include a debit to Cash.

---

Definitions:

Direct Contact

The immediate interaction between individuals, without the interference of any medium, enabling clear and direct communication or transfer of information.

Developing Leaders

The process of enhancing an individual's ability to guide, influence, and motivate others to achieve organizational goals.

Functional Design

A design approach focused on creating products, systems, or structures based on their intended function or purpose.

Organization Identification

relates to the sense of belonging an individual feels towards their organization, influencing their attitudes and behaviors.