Which account is credited in an accounting transaction when you receive a vendor invoice that is pay

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Which account is credited in an accounting transaction when you receive a vendor invoice that is pay later?

a. Bank Checking

b. Accounts Receivable

c. Purchases

d. Accounts Payable

Related Book For answer-question

Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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Posted Date: Feb 03, 2024 02:36 AM

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Which account is credited in an accounting transaction when you receive a vendor invoice that is pay

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Auditing and Assurance services an integrated approach

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