Question: When a payment is made on account, how is the transaction recorded? a. Debit Accounts Payable and credit Cash b. Debit Accounts Payable and credit

When a payment is made on account, how is the transaction recorded? a. Debit Accounts Payable and credit Cash b. Debit Accounts Payable and credit Capital c. Debit Cash and credit Capital d. Debit Cash and credit Accounts Payable

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