An expense transaction is posted to accounts payable and is assigned to a vendor. ...

90.2K

Verified Solution

Question

Accounting

An expense transaction is posted to accounts payable and is assigned to a vendor.

In which account will this transaction be reflected on a cash-basis Profit and Loss report?

Uncategorized Expense

Uncategorized Income

Unapplied Cash Bill Payment Expense

Unapplied Cash Payment Income

Sales of Product Income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students