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.

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Definitions:

Comma Splice

A grammatical error involving the incorrect use of a comma to join two independent clauses without a coordinating conjunction.

Dangling Modifier

A word or phrase that modifies a word not clearly stated in the sentence, often leading to confusing or illogical sentences.

Clauses Separation

The practice of distinctly dividing sections of a sentence, contract, or legal document with punctuation or formatting to enhance readability and understanding.

Direct Approach

A method of communication where the main point or message is presented straight away at the beginning.