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Accounts Payable Is a Temporary Account

question 73

True/False

Accounts payable is a temporary account.


Definitions:

Environmental Risk

The potential for environmental damage or degradation resulting from a project or activity, impacting ecosystems, biodiversity, or human health.

Eliminating Risk

The process or strategy of removing potential hazards or uncertainties that could negatively impact a project or operation.

Structured Analysis

A methodology used in software engineering for converting business requirements into technical specifications.

Allocated Evenly

The process of distributing resources or items equally across multiple areas or entities.

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