Which of the following account will be least likely involved in the purchasing sub-process of the purchasing and disbursement cycle?
Which of the following account will be least likely involved in the purchasing sub-process of the purchasing and disbursement cycle?
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 9MC: Which of the following accounts are used when recording a purchase? A. cash, merchandise inventory...
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Question
Which of the following account will be least likely involved in the purchasing sub-process of the purchasing and disbursement cycle?
Group of answer choices
a.Inventory
b.Prepaid expenses
c.Accounts payable
d.Cash in bank
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