Which of the Following Entries Would Be Recorded If a Company

question 22

Multiple Choice

Which of the following entries would be recorded if a company is using the cash-basis method of accounting?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1000 & \\
• \hline \text { Accounts receivable } & & 1000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Salary expense } & 1000 & \\
• \hline \text { Salary payable } & & 1000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Rent expense } & 1000 & \\
• \hline \text { Cash } & & 1000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Prepaid rent } & 1000 & \\
• \hline \text { Cash } & & 1000 \\
• \hline
• \end{array}\]

Understand the use and benefits of content management systems for remote collaboration.

Recognize strategies to overcome common barriers to effective listening and communication.

Appreciate the importance of summarizing decisions and actions at the end of meetings.

Identify the tools and technologies that support virtual meetings and training sessions.

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Definitions:

Flexibility

The ability to adapt to new, different, or changing requirements and situations.

Descent

The tracing of lineage or ancestry through generations, often considered a principle for social organization.

Central Person

An individual who plays a pivotal or core role within a group, network, or organization, often influencing decisions and outcomes.

Relationship

A connection, association, or involvement between two or more entities, individuals, or concepts, based on interaction, kinship, or shared characteristics.