___ 7.Accounts Payable

question 12

Multiple Choice

___ 7.Accounts Payable

• A)Dr.(debit)
• B)Cr.(credit)

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Definitions:

Used Cars

Pre-owned vehicles that have been previously registered and are available for sale, usually at a lower price than similar new models.

Equilibrium

A state in which supply and demand are balanced, often referring to market equilibrium in economics.

Potential Buyers

Individuals or entities who have shown interest or have the capability to purchase a product or service but have not yet made the purchase.

Rustbucket

A derogatory term for a vehicle or ship that is old, in poor condition, and often rusty.