Which of the following transactions will decrease the accounts payable turnover ratio?
A)Using cash to pay an accounts payable balance.
B)Selling inventory on account.
C)Selling inventory for cash.
D)A customer returning inventory sold on account.

Question

Quizplus · Accepted Answer

The Answer of Which of the following transactions will decrease the accounts payable turnover ratio?
A)Using cash to pay an accounts payable balance.
B)Selling inventory on account.
C)Selling inventory for cash.
D)A customer returning inventory sold on account.

Which of the Following Transactions Will Decrease the Accounts Payable