The Correct Accounting Entry to Record the Payment of a Liability

question 34

Multiple Choice

The correct accounting entry to record the payment of a liability is:

• A) DR asset account; CR liability account
• B) DR equity account; CR liability account
• C) DR liability account; CR equity account
• D) DR liability account; CR asset account

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Definitions:

Full-channel Communication

Refers to communication that uses all available modes or channels, such as verbal, non-verbal, and written, to convey a message as effectively as possible.

Researcher Reactivity

The influence a researcher's presence, characteristics, or behavior may have on the participants or outcomes of a study.

Self-conscious Performance

A performance affected by the performer's awareness of themselves being observed, which can alter their natural behavior.