A purchase of inventory on credit is referred to as a(n)
A: notes receivable.
B: accounts receivable.
C: accounts payable.
D: capital stock.
E: notes payable.
A: notes receivable.
B: accounts receivable.
C: accounts payable.
D: capital stock.
E: notes payable.
举一反三
- Which<br/>of the following accounts is NOT a liability? ( ) A: Accounts Payable B: Notes Payable C: Salaries Payable D: Accounts Receivable
- The category "Other Receivables" on the balance sheet includes: A: Accounts Receivable, Interest Receivable. B: Notes Receivable, Accounts Receivable, Interest Receivable. C: Interest Receivable, Dividend Receivable, Advances to employees. D: none of the above.
- The purchase of tools on account is recorded by a A: debit to Accounts Payable and a credit to Tools. B: credit to Tools and a credit to Accounts Payable. C: debit to Tools and a credit to Accounts Payable. D: debit to Tools and a debit to Accounts Payable.
- Which of the following accounts normally contain a credit balance? A: land B: Accounts Receivable. C: Accounts Payable. D: Cash
- Which of the following items are liabilities? （ ） A: Accounts payable. B: Accounts receivable. C: Service revenue. D: Equipment.