The Classification and Normal Balance of the Accounts Payable Account

question 140

Multiple Choice

The classification and normal balance of the accounts payable account are

• A) asset, credit balance
• B) liability, credit balance
• C) owner's equity, credit balance
• D) revenue, credit balance

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Definitions:

Emotional Attachment

Emotional attachment is the emotional bond between an individual and an object, idea, place, or person, often leading to a sense of belonging or affection.

Job Satisfaction

The level of contentment employees feel with their job roles, responsibilities, and work environment, which can affect their performance and commitment.

Ethical Issue

A situation or decision that involves a conflict between the perceived correctness of different moral imperatives or ethical principles.

Valued Rewards

Benefits, both tangible and intangible, that are given to employees as recognition for their contributions and performance.