The Normal Balance of the Accounts Payable Account Is a ________

question 95

Multiple Choice

The normal balance of the Accounts Payable account is a ________ because it is a(n) ________ account.

• A) debit; asset
• B) credit; shareholders' equity
• C) credit; liability
• D) credit; revenue

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Definitions:

Terminated Workers

Individuals who have had their employment contract ended by the employer, often due to redundancy, non-compliance, or organizational restructuring.

Counselling

A professional service offering guidance and support to individuals to help them resolve personal, social, or psychological challenges and improve their wellbeing.

Downsizing

The process by which a company reduces its size through layoffs, restructuring or closure, often in response to economic pressures.

Downsizing

The process of reducing the size of a company's workforce, often to improve operational efficiency or reduce costs.