Accounts Payable Is A(n)________ Account and Has a Normal ________

question 137

Multiple Choice

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

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

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Definitions:

Rosebud

A type of torch tip used in welding and cutting applications, named for its rose petal-like flame pattern, commonly used for heating.

Forged Journal Cross

A forged journal cross is a component in the driveline of a vehicle, made through forging to achieve strength and durability, used to connect different shafts within the drive system.

Universal Joint

An assembly consisting of a trunnion cross and bearings that connects a pair of yokes for purposes of transmitting drive torque on an angled plane.

Trunnions

Trunnions are cylindrical protrusions used as a pivot or mounting point, commonly found in cannons, tanks, and heavy machinery for rotation or support.