Some of MAC's Transactions During the Month of January Are

question 2

Multiple Choice

Some of MAC's transactions during the month of January are as follows.Which transaction,if any,is recognised as an expense for the month of January?

• A) Paid $10 000 off a loan obtained during December.
• B) Paid a supplier $200 for goods purchased on credit in November.
• C) Purchased stationery to the value of $125 on credit, to be paid for in February.
• D) Purchased a motor vehicle for $25 000 cash.

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Definitions:

Moral Society

A community or society that abides by a set of moral principles or standards governing the behavior of its members.

Power Imbalances

Situations where there is an unequal distribution of power among individuals or groups, leading to dominance and subordination.

Sociological Perspective

The viewpoint that involves looking at social behaviors and structures through a lens that emphasizes the wider societal context in which they occur.

Quality of Mind

The ability to use critical and reflexive thinking to understand situations from multiple perspectives.