The Word "Payable" Always Signifies a Liability

question 157

True/False

The word "payable" always signifies a liability.

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Definitions:

PCs

Stands for Personal Computers, which are computer systems designed for use by an individual, typically featuring a keyboard, mouse, monitor, and a central processing unit.

Microprocessors

Integrated circuits that contain the basic functions of a computer's central processing unit (CPU), performing arithmetic, logic, controlling, and processing operations specified by the instructions in the computer program.

Mainframes

Large, powerful computers used primarily by large organizations for critical applications, massive data processing, and transaction processing.

Large Computers

High-capacity, powerful computing systems often used in enterprise settings for large-scale computation, data processing, and complex tasks. These may include mainframes and supercomputers.