The Accounts Payable Account Is a Temporary Account

question 65

True/False

The Accounts Payable account is a temporary account.

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Definitions:

France

A country in Western Europe known for its culture, history, and landmarks like the Eiffel Tower and the Louvre Museum.

United States

A country located in North America, known for its diverse culture, strong economy, and as a leader in international politics and innovation.

United Kingdom

A sovereign country located off the northwestern coast of mainland Europe, comprising England, Scotland, Wales, and Northern Ireland.

Triarchic Theory

A model of intelligence proposed by Robert Sternberg, consisting of analytical, creative, and practical components.