If a Journal Entry Includes a Debit to Accounts Payable

question 104

Multiple Choice

If a journal entry includes a debit to Accounts Payable and a credit to Cash:

• A)Cash will have a credit balance.
• B)Accounts Payable is increased.
• C)Cash is increased.
• D)Accounts Payable is decreased.

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Definitions:

Formalizing

The process of establishing official procedures, rules, or structures within an organization or system.

Goal Setting

The process of establishing specific, measurable, achievable, relevant, and time-bound objectives.

Performance

The degree to which an individual, group, or organization achieves its goals and meets expected standards of work.

Vroom's Expectancy Theory

A theory that explains motivation in terms of individuals' expectations about their ability to perform tasks and receive desired rewards.