The Payment of an Account Payable Would

question 143

Multiple Choice

The payment of an account payable would:

• A)increase owner's equity.
• B)decrease owner's equity.
• C)have no effect on total assets.
• D)have no effect on owner's equity.

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Definitions:

ERP

Enterprise Resource Planning (ERP) systems integrate main business processes, facilitating the flow of information within an organization to manage complexities and increase efficiency.

Flexibility

The ability of a system or process to adapt or adjust to changing conditions or needs.

FAIS

Financial Advisory and Intermediary Services, regulations designed to protect consumers by ensuring fair treatment by financial service providers.

TPS

Stands for Transactions Per Second, a measure of the throughput or operational capability of a computer system or application, crucial in evaluating system performance.