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If Accounts Payable Has Been Credited, It Is Most Likely

Question 53

Multiple Choice

If Accounts Payable has been credited, it is most likely that:


A) a sale was made on account.
B) a purchase was made on account.
C) a correcting entry was made for the overstatement of the purchase of equipment on account.
D) a customer paid a bill on account.

Correct Answer:

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