A business makes a payment in cash for advertising expense.Which of the following accounts is credited?

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When a business makes a payment in cash for advertising expense, the Cash account is credited. This means that the cash balance of the business decreases, and the advertising expense is recognized as an expense in the Income Statement. Notes Payable refers to the amount of money borrowed by the business and is not affected by this transaction. Accounts Receivable is a personal amount owed to the business by its customers and is not involved in this transaction. Advertising Expense is already recognized and should not be credited again.

A Business Makes a Payment in Cash for Advertising Expense