On the Balance Sheet, Vouchers Payable Would Be

question 102

Multiple Choice

On the balance sheet, Vouchers Payable would be:

• A) a special liability account.
• B) an asset account.
• C) renamed as Accounts Payable.
• D) shown as long-term liabilities.

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Definitions:

Multiply

The arithmetic process of calculating the result of adding a number to itself a certain number of times.

Simplify

To simplify means to reduce an expression or equation to its simplest form, by combining like terms, reducing fractions, etc.

Combine

The process of uniting two or more expressions into a single expression using mathematical operations.

Simplify

The process of making an expression easier to understand or work with by combining like terms, reducing fractions, etc.