n example of an item that would be used often, and treated as a consumable would be: Select one: a. An overdraft facility at the bank b. Cleaning materials c. Cash kept on the business premises d. A vehicle for transporting staff

n example of an item that would be used often, and treated as a consumable would be: Select one: a. An overdraft facility at the bank b. Cleaning materials c. Cash kept on the business premises d. A vehicle for transporting staff

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter4: Journalizing And Posting Transactions

Section: Chapter Questions

Problem 3MC: To purchase an asset such as office equipment on account, you would credit which account? (a) Cash...

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Question

An example of an item that would be used often, and treated as a consumable would be:

Select one:

a. An overdraft facility at the bank

b. Cleaning materials

c. Cash kept on the business premises

d. A vehicle for transporting staff

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