A business makes a cash payment to a supplier for office supplies that were purchased earlier on account.Which of the following accounts is debited?

Question

Quizplus · Accepted Answer

When a business makes a cash payment on an account previously established with a supplier (i.e., an account payable), the liability (Accounts Payable) is reduced. Therefore, Accounts Payable is debited to reflect the decrease in the amount owed to the supplier.

A Business Makes a Cash Payment to a Supplier for Office