The Payment of Accounts Payable Results in A(n)

question 29

Multiple Choice

The payment of accounts payable results in a(n)

• A)decrease in liabilities and a decrease in assets.
• B)decrease in liabilities and an increase in assets.
• C)increase in liabilities and a decrease in owners' equity.
• D)decrease in liabilities and an increase in owners' equity.

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Definitions:

Dialog Box

A small window that appears in a graphical user interface (GUI) to communicate information to the user or prompt for a response.

Office App

A software application that is part of the Microsoft Office suite, including Word, Excel, PowerPoint, etc., designed for office-related tasks.

Maximize Ribbon

In software applications, particularly in office suites, enlarging the ribbon to display all tool icons and options for easier access.

Document

A piece of written, printed, or electronic matter that provides information or evidence or serves as an official record.