If Vouchers Payable has been credited,it is most likely that:
A)the business took out a loan.
B)the business made a payment to a vendor.
C)a purchase was made on account.
D)None of the above has occurred.

Question

Quizplus · Accepted Answer

Vouchers Payable is an account used to record purchases made on credit or on account. Therefore, if it has been credited, it is most likely that a purchase was made on account.

If Vouchers Payable Has Been Credited,it Is Most Likely That