Too much credit sales may overstate the earnings of a company
Indicate whether the statement is true or false
TRUE
Business
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Which of the following journal entries would be recorded if a business purchased office supplies on account in a previous accounting period and now makes a cash payment of $750 to the supplier to settle the account?
A) Cash 750 Accounts Payable 750 B) Accounts Payable 750 Cash 750 C) Cash 750 Office Supplies 750 D) Accounts Payable 750 Office Supplies 750
Business
If information is obscured or omitted, what can be the result for the communication?
A) The communication becomes inaccurate. B) The communication becomes unethical. C) Pertinent information is missing. D) The quantity of the information suffers. E) The reader is more likely to support your argument.
Business