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:

Heuristic

A problem-solving approach using practical methods or shortcuts to generate satisfactory, though not always optimal, solutions.

Algorithm

A step-by-step procedure or formula for solving a problem or accomplishing some end within a finite number of steps.

Ethnic Minority

A group of people who have different national or cultural traditions from the main population within a country or region.

Verbal Aptitude

The ability to understand and process words and language, both in speaking and writing.