A business buys $300 of office supplies on account. Which of the following accounts is debited?
A) Cash
B) Accounts Payable
C) Office Supplies
D) Accounts Receivable
Ans: C) Office Supplies
Business
You might also like to view...
Soft capital rationing is imposed upon a firm from ________ sources, while hard capital rationing is imposed from ________ sources.
A) Internal; internal B) External; internal C) Internal; external D) External; external
Business
Discuss the difference in the planning process for solicited and unsolicited proposals
What will be an ideal response?
Business