When Accounts Payable Account Is Debited, It Indicates

question 43

Multiple Choice

When Accounts Payable account is debited, it indicates

• A) a decrease in the amount owed to creditors.
• B) an increase in the amount owed to creditors.
• C) an increase in the amount owed by customers.
• D) a decrease in the amount owed by customers.

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Definitions:

Texas Instruments

An American technology company that designs and manufactures semiconductors and various integrated circuits.

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A fundamental normative rule ensuring fairness and equity among individuals within society or a system.

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A close group of advisors or a team that holds a privileged position of influence in an organization or group.

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The process of making progress or advancing in one’s career, social status, or life in general.