What Is an Accounts Payable

question 185

Multiple Choice

What is an accounts payable?

• A)It is a liability for goods or services purchased on credit and supported by a written agreement.
• B)It is a liability for goods or services purchased on credit and supported by the credit standing of the purchaser.
• C)It is an amount of money to be received from a supplier.
• D)It is an asset arising from the sale of goods or services on credit.

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Definitions:

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, producing oxygen as a byproduct.

Stroma

Region within a chloroplast that surrounds the grana; contains enzymes involved in the synthesis of carbohydrates during the Calvin cycle of photosynthesis.

Chloroplast

Membrane-bound organelle in algae and plants with chlorophyll-containing membranous thylakoids; where photosynthesis takes place.

Thylakoids

Membrane-bound compartments inside chloroplasts of plant cells, where light-dependent reactions of photosynthesis occur.