Which of the Following Entries Records the Acquisition of Office

question 183

Multiple Choice

Which of the following entries records the acquisition of office supplies on account?

• A) Office Supplies, debit; Cash, credit
• B) Cash, debit; Office Supplies, credit
• C) Office Supplies, debit; Accounts Payable, credit
• D) Accounts Receivable, debit; Office Supplies, credit

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Definitions:

Impulse Buy

A purchase made spontaneously, often without prior planning, driven by emotional response rather than thoughtful decision-making.

Magazines

Publications, usually periodical, containing articles, photographs, and advertisements in specific interest areas.

Checkout Lane

A passage or counter in a store where customers pay for their purchases.

Institutional Markets

Markets consisting of organizations like hospitals, schools, and governments that procure goods and services to fulfill their responsibilities.