What Is the General Ledger Impact When a Vendor Invoice

question 63

Multiple Choice

What is the general ledger impact when a vendor invoice is received and verified?

• A)Debit GR/IR,credit vendor subledger account
• B)Debit inventory,credit GR/IR
• C)Debit vendor subledger account,credit COGS
• D)Debit inventory,credit vendor subledger account
• E)Debit vendor subledger account,debit GR/IR

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Definitions:

Babbling

The child’s first vocalizations that have the sounds of speech.

Cooing

A soft murmuring or cooing sound, often associated with infants as an early form of vocalization.

Visual Recognition Memory

The kind of memory shown in an infant’s ability to discriminate previously seen objects from novel objects.

Verbal Expression

The ability to convey thoughts, feelings, or information through spoken language, involving a wide range of vocabulary and grammatical structures.