The Debt Created by a Business When It Makes a Purchase

question 107

Multiple Choice

The debt created by a business when it makes a purchase of inventory on account is a(n) :

• A)revenue.
• B)account receivable.
• C)note payable.
• D)account payable.

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Definitions:

Documenting Needs

The process of recording and identifying a customer's requirements to find the most suitable product or service solution.

Creative Problem Solver

An individual with a talent for devising innovative and effective solutions to complex problems.

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Advanced technological tools and devices that are used in the operation or production processes of businesses.

Technology Issue

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