What Is the Best Explanation for This Journal Entry

question 68

Multiple Choice

What is the best explanation for this journal entry?

• A)Purchased supplies with cash.
• B)Returned supplies previously purchased.
• C)Purchased supplies on account.
• D)Paid accounts payable.

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Definitions:

Systems Perspective

An analytical approach that views an organization as an arrangement of interrelated parts working together to accomplish specific goals.

Working Part

Components of a process or system that are actively engaged in performing a task or function.

Clearly-Defined Career Path

A specific, well-established progression of steps or stages in one's professional life, offering a predictable sequence of advancements and opportunities.

Accounting, OB, And Marketing

Three distinct disciplines within the field of business: accounting focuses on financial reporting, organizational behavior (OB) studies human actions in organizational settings, and marketing deals with the promotion and selling of products or services.