What Effect Does This Journal Entry Have on the Accounts

question 115

Multiple Choice

What effect does this journal entry have on the accounts?

• A) Decrease accounts payable, increase cash
• B) Increase cash, decrease accounts payable
• C) Increase accounts payable, increase cash
• D) Decrease accounts payable, decrease cash

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Definitions:

Certification

The process of verifying the qualifications, skills, and competencies of an individual or organization, usually through the completion of an examination or evaluation.

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Deep Background

Information provided to a journalist that cannot be attributed to a name or even a confidential source.

Voter Turnout

The percentage of eligible voters who cast a ballot in an election, indicating the level of public engagement and participation in the democratic process.