Author Question: The transaction to record payment for delivery equipment that was purchased on account in the ... (Read 190 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
The transaction to record payment for delivery equipment that was purchased on account in the previous month would include
 a. debiting Cash and crediting Accounts Receivable.
   b. debiting Cash and crediting Accounts Payable.
   c. debiting Accounts Payable and crediting Cash.
   d. debiting Delivery Equipment and crediting Cash.

Question 2

Kaizen budgeting involves ________.
 
  A) large cost reductions
  B) management directed improvements
  C) continual small cost reductions
  D) continual small revenue increases



CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

c

Answer to Question 2

Answer: C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

For a complete list of videos, visit our video library