Multiple Choice
The entry to record the incurrence of an expense will include:
A) a debit to expense and a credit to Cash.
B) a debit to the expense and a credit to Vouchers Payable.
C) a debit to the expense and a credit to Accounts Payable.
D) a debit to Vouchers Payable and a credit to the expense.
Correct Answer:

Verified
Correct Answer:
Verified
Q82: On May 1, Garcia Corporation bought $11,000
Q83: For each of the following, identify in
Q84: The entry to record the approval of
Q85: Under a voucher system, every liability is
Q86: Vouchers Payable replaces Accounts Payable in the
Q88: The voucher system strengthens internal control because:<br>A)
Q89: Grant's Hardware bought $12,000 of merchandise, terms
Q90: The company receiving a purchase order prepares
Q91: Using the gross method, record the payment
Q92: If partial payment is made and installment