Which of the following is not application of cash?
A)Increase in Debtors
B)Increase in Inventory
C)Increase in Bills Payable
D)Increase in Prepaid Expenses

Name: Which of the following is not application of cash? A)Increase in Debtors B)Increase in Inventory C)Increase in Bills Payable D)Increase in Prepaid Expenses
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Question

Quizplus · Accepted Answer

An increase in bills payable is not an application of cash; it represents a source of cash as it indicates an increase in liabilities.

Which of the Following Is Not Application of Cash