The Classification and Normal Balance of the Accounts Payable Account

question 7

Multiple Choice

The classification and normal balance of the accounts payable account is

• A) an asset with a credit balance
• B) a liability with a credit balance
• C) stockholders' equity with a credit balance
• D) revenue with a credit balance

---

Definitions:

TMC

TMC can refer to the Technology & Maintenance Council, a professional organization focused on advancing truck technology and maintenance practices to improve vehicle reliability and efficiency.

Governor Cut-Out Pressure

The maximum pressure at which a compressor's governor stops the compressor from pumping air, usually to prevent over-pressurization in pneumatic systems.

Spring Brake Chamber

A component in air brake systems that uses spring force to apply the brakes for parking and emergency stopping.

Cage

A component in machinery, like bearings, that holds rolling elements in place while allowing them to rotate or slide.