Which of the Following Accounting Functions Allows a Business to Keep

question 9

Multiple Choice

Which of the following accounting functions allows a business to keep track of what it owes,make timely payments in order to capture prompt pay discounts,and maintain a good credit rating?

• A)Credit card sales
• B)Accounts receivable records
• C)Accounts payable records
• D)Payroll records

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Definitions:

Produces Heat

A process or object that generates thermal energy.

Direct Observation

A method of gathering data by watching behavior or phenomenon in its natural setting without manipulation or control by the observer.

Raining

The precipitation of water from clouds in the form of water droplets.

Inner Life

Refers to a person's internal emotional, spiritual, or intellectual world and experiences.