Which account is least likely to be credited when an expense is recorded?
A)Cash.
B)Accounts Payable.
C)Prepaid Expenses.
D)Accounts Receivable.

Question

Quizplus · Accepted Answer

Accounts Receivable is an account that represents money that is owed to a company by its customers. When an expense is recorded, it typically means that the company has already paid for that expense. Therefore, it is unlikely that Accounts Receivable would be credited as this account represents money that is owed to the company, not money that the company owes to others.

Which Account Is Least Likely to Be Credited When an Expense