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
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