The account debited when payment is made for equipment purchased previously on account is:
A)accounts payable.
B)cash.
C)accounts receivable.
D)equipment.

Name: The account debited when payment is made for equipment purchased previously on account is: A)accounts payable. B)cash. C)accounts receivable. D)equipment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When payment is made for equipment previously purchased on account, the account debited is Accounts Payable, reflecting the reduction in the amount owed to the supplier.

The Account Debited When Payment Is Made for Equipment Purchased