The Purchase of Office Computers for Cash Would Include a Debit

question 44

Multiple Choice

The purchase of office computers for cash would include a debit to:

• A)Cash and a credit to Office Equipment.
• B)Office Equipment and a credit to Accounts Payable.
• C)Accounts Receivable and credit to Office Equipment.
• D)Office Equipment and a credit to Cash.

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Definitions:

Navigable Waterways

Water bodies that are deep and wide enough for ships and boats to travel through, often playing a key role in transportation and trade.

Federal System

A form of government in which power is divided between a central authority and constituent political units.

Unitary

A system of government where a single central government holds the majority of the power, with any regional or local governments having authority that is delegated from the central government.

Confederal Systems

A form of government where power is given to individual states or entities, with a weak central authority, allowing for a loose union.