When a company purchases supplies on account
A)Cash flow from financing activities decreases
B)Total assets decrease
C)Expenses increase
D)Liabilities increase

Name: When a company purchases supplies on account A)Cash flow from financing activities decreases B)Total assets decrease C)Expenses increase D)Liabilities increase
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Question

Quizplus · Accepted Answer

When a company purchases supplies on account, it means that they are buying supplies on credit, and therefore increasing their liabilities.

When a Company Purchases Supplies on Account