The Classification and Normal Balance of the Accounts Payable Account

question 140

Multiple Choice

The classification and normal balance of the accounts payable account are

• A) asset, credit balance
• B) liability, credit balance
• C) owner's equity, credit balance
• D) revenue, credit balance

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Definitions:

Predicting Behavior

Predicting behavior involves the use of psychological, social, and biological indicators to forecast an individual's future actions or reactions.

Positive Health Outcomes

Favorable results of healthcare interventions and practices on the health status of individuals or populations.

Conscientiousness

A personality trait marked by organization, dependability, and a strong sense of duty.

Emotional Stability

A personality trait signifying the extent to which a person is calm, secure, and steady, opposite of neuroticism.