The Classification and Normal Balance of the Accounts Payable Account

question 195

Multiple Choice

The classification and normal balance of the accounts payable account is

• A) an asset with a credit balance
• B) a liability with a credit balance
• C) owner's equity with a credit balance
• D) revenue with a credit balance

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Definitions:

Intellectual Disabilities

A term for a variety of conditions that are characterized by significant limitations in intellectual functioning and adaptive behavior, originating before the age of 18.

Gifted Student

A student demonstrating exceptional aptitude or competence in one or more areas beyond their peers.

Acceleration

In education, acceleration refers to strategies that allow students to progress through an educational program at a faster pace than typical, often by skipping grades or taking advanced courses.

Enrichment

Activities or environments provided to stimulate learning and development beyond traditional educational settings.