A business purchases $1,000 of office supplies on account. Which of the following accounts is debited?

A) Cash
B) Accounts Payable
C) Office Supplies
D) Prepaid Asset

Answer: C

Business

You might also like to view...

PPG Industries buys silicon and uses it to manufacture glass for windows. PPG is a ________

A) producer B) not-for-profit C) consumer D) facilitator E) reseller

Business

Technology use by organizations can be strategic and a powerful enabler of competitive advantage

Indicate whether the statement is true or false

Business