Which of the Following Statements Regarding Accounts Payable Is Incorrect

question 185

Multiple Choice

Which of the following statements regarding Accounts Payable is incorrect?

• A) The Accounts Payable account is decreased with a credit.
• B) Accounts payable occur because the business receives the goods or services before payment has been made.
• C) Because accounts payable are typically due in 30 days, they are current liabilities.
• D) Accounts payable represent debts owed to creditors.

---

Definitions:

City Field

In databases, a field designated to contain the name of a city, typically used within address or location-related information.

Remove Filter

The action of disabling a filter from a data set, so all records in the set are once again displayed.

HOME Tab

A primary tab in software applications that typically contains the most commonly used functions and tools.

Toggle Filter

A feature that allows users to quickly switch on or off filtering options in data processing applications.