The Accounts Payable Account Is A(n)________ Account and Carries a ________

question 4

Multiple Choice

The Accounts Payable account is a(n) ________ account and carries a ________ normal balance.

• A)liability; debit
• B)asset; debit
• C)liability; credit
• D)asset; credit

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Definitions:

Directives

Instructions or orders given by someone in authority, which are to be followed by others.

Goals

The objectives or desired outcomes that an individual or organization aims to achieve within a specific timeframe.

Objectives

Specific, measurable goals set by a business or individual to achieve desired outcomes.

Measurable Performance

The aspect of performance that can be quantitatively assessed or evaluated through specific metrics or indicators.