What Is an Account Payable

question 97

Multiple Choice

What is an account payable?

• A)It is a liability for goods or services purchased on credit and supported by a written agreement.
• B)It is a liability for goods or services purchased on credit and supported by the credit standing of the purchaser.
• C)It is an amount of money to be received from a supplier.
• D)It is an asset arising from the sale of goods or services on credit.

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Definitions:

Birth Defects

Congenital disorders or abnormalities in structure, function, or metabolism present at birth that can lead to physical or mental disabilities.

Marijuana

A psychoactive drug from the Cannabis plant used medically or recreationally.

Neurological Disturbances

Conditions that disrupt the normal functioning of the nervous system, leading to symptoms such as paralysis, muscle weakness, or sensory disruptions.

Folic Acid

A form of vitamin B9, essential for DNA synthesis and repair, red blood cell formation, and the development of the fetal nervous system during pregnancy.