Which of the following general ledger accounts would likely not be impacted in a purchases and payments process?
A)Accounts Receivable.
B)Inventory.
C)Purchase Discounts.
D)Cash.

Question

Quizplus · Accepted Answer

The accounts receivable account represents amounts owed to the company by its customers, which is not related to the purchases and payments process. The other accounts listed are directly related to this process.

Which of the Following General Ledger Accounts Would Likely Not