A business makes a cash payment to a supplier "on account" (for supplies which were purchased earlier.)Which account is debited?

Question

Quizplus · Accepted Answer

When a business makes a cash payment to a supplier for supplies that were purchased earlier, it means that the business is paying off its accounts payable, which represents the amount owed to the supplier. Therefore, the appropriate account to debit in this scenario would be the accounts payable account. The cash account would be credited, as cash is being paid out of the business. Supplies and service revenue are not applicable to this transaction.

A Business Makes a Cash Payment to a Supplier "On