What Effects Does This Journal Entry Have on the Accounts

question 132

Multiple Choice

$$\begin{array} { | l | l | c | l | l | l | } \hline \text { May } & 24 & \text { Land } & & 105,000 & \\\hline & & \text { Cus } & & & 105,000 \\\hline & & \text { Purchased land for business } & & & \\\hline & & & & & \\\end{array}$$ What effects does this journal entry have on the accounts?

• A) Increase Cash and increase Land
• B) Increase Land and decrease Cash
• C) Decrease Cash and decrease Land
• D) Increase Cash and decrease Land

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Definitions:

Business Cycles

Fluctuations in economic activity over time, characterized by periods of expansion (growth) and contraction (recession) in the economy.

CPFR Process

Collaborative Planning, Forecasting, and Replenishment, a process where supply chain partners share forecasts and plans to enhance supply chain efficiency.

Outbound-To-Customer

Logistic processes and activities involved in moving goods from the final storage hub to the end customer.

Physical Distribution

The activities involved in moving goods from the point of production to the point of consumption.