A Business Makes a Cash Payment to a Supplier on Account

question 27

Multiple Choice

A business makes a cash payment to a supplier on account for office supplies that were purchased earlier.Which of the following accounts is credited?

• A) Cash
• B) Accounts Payable
• C) Office Supplies
• D) Office Supplies Expense

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Definitions:

Organizational Politics

The use of power and social networking within an organization to achieve changes that benefit the individual or the organization.

Coercive Power

a form of power that is based on the ability to deliver punishments or impose penalties for noncompliance with expectations or directives.

Reward Power

The capability of an individual to offer positive incentives, such as promotions or bonuses, to influence others’ behaviors or attitudes.

Expert Power

The influence and authority someone has due to their specialized knowledge or expertise.