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:

Carcinoma

A type of cancer that starts in cells that make up the skin or tissue linings of organs.

Glioma

A type of tumor that occurs in the brain and spinal cord, originating from the glial cells.

Dedifferentiation

The process by which specialized cells lose their specialization during regeneration or in response to injury.

Differentiation

The process by which cells or tissue undergo a change toward a more specialized form or function.