Which of the Following Entries Records the Payment of an Account

question 222

Multiple Choice

Which of the following entries records the payment of an account payable?

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

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Definitions:

Method of Residues

A method of scientific reasoning where one deducts from a complex set of phenomena the parts already explained, in order to isolate the remainder for new analysis.

Necessary Condition

A prerequisite that must be present for a certain effect or outcome to occur.

Sufficient Condition

A condition that, if satisfied, guarantees the occurrence or truth of another condition but isn't necessarily required for the latter's occurrence.

Method of Difference

A scientific research method used to identify the cause-effect relationship between variables by changing one variable at a time while keeping others constant.