A Business Makes a Cash Payment of $12,000 to a Creditor.Which

question 156

Multiple Choice

A business makes a cash payment of $12,000 to a creditor.Which of the following accounts is credited?

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

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Definitions:

Left-Brain Dominant

A characteristic where a person is more analytical, logical, and detail-oriented, often associated with the left hemisphere of the brain.

Cornell System

A note-taking system devised at Cornell University, designed to efficiently organize notes into summaries, cues, and note-taking sections.

Formal Outlines

Structured frameworks for organizing the main and supporting ideas of a speech, paper, or project, typically using a hierarchical system.

Linear Order

A sequence or arrangement where every element is compared, in order, to every other element.