a.
Concept Introduction:
Accounts payable: Accounts payable shows the amount of money owed by an entity to the suppliers. This is shown on the liability side of the balance sheet. It is not a loan or notes payable. It is the only credit amount that is going to be paid to suppliers in the future.
The amount of cash paid on accounts payable by company C during October month.
b.
Concept Introduction:
Accounts receivables: Accounts receivable refers to the amount of an entity that is going to be received from the customers to whom goods or services are sold. This is shown on the assets side of the balance sheet.
The number of sales on the credit of October month on accounts receivables.
c.
Concept Introduction:
Cash account: The cash account shows all the cash transactions done by the company. A cash account contains cash receipts and payments made by the company during the year. A cash account is shown under current assets in the balance sheet.
The opening cash balance of company A during October month.
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