Which of the Following Is Correct for Recording the Payment

question 1

Multiple Choice

Which of the following is correct for recording the payment to a supplier for a purchase previously made on account?

• A)Debit Cash, Credit Payables/Creditors
• B)Debit Inventory, Credit Cash
• C)Debit Payables/Creditors, Credit Cash
• D)Debit Cash, Credit Inventory

Comprehend the concept of market orientation and how organizations implement it by focusing on customer needs and sharing information across departments.

Recognize the principles of the marketing concept and its emphasis on integrating marketing into all phases of the business.

Identify the components and significance of customer experience and relationship marketing in building customer loyalty.

Distinguish between various marketing orientations (market orientation, societal marketing orientation, product orientation, etc.) and their implications for business strategy.