A Business Pays $500 Cash for Office Supplies

question 36

Multiple Choice

A business pays $500 cash for office supplies.Which of the following accounts is credited?

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

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Definitions:

Contributions

Contributions refer to something given or offered that adds to a larger whole, often implying voluntary actions aimed at helping others or furthering a cause.

Self-fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

Unfriendly

Exhibiting hostility or an aloof attitude towards others.

Social Perception

The process of interpreting and understanding the behavior and characteristics of oneself and others in a social context.