Which of the following accounts is not affected by cash disbursement transactions?
A)Cash.
B)Accounts payable.
C)Purchase discounts.
D)Purchase returns.

Question

Quizplus · Accepted Answer

Purchase returns account is not directly affected by cash disbursement transactions. Cash disbursements typically involve the payment of cash from the company to settle obligations such as accounts payable or to take advantage of purchase discounts, but they do not directly involve the recording of purchase returns. Purchase returns are transactions where goods are returned to the supplier, which may eventually affect cash flows indirectly through adjustments in future payments or receivables, but the account itself is not directly impacted by the cash disbursement.

Which of the Following Accounts Is Not Affected by Cash