The Debt Created by a Business When It Makes a Purchase

question 80

Multiple Choice

The debt created by a business when it makes a purchase on account is referred to as an

• A) account payable
• B) account receivable
• C) asset
• D) prepaid expense

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Definitions:

Aesthetic

Pertaining to beauty or the appreciation of beauty.

Cognitive

Pertaining to mental processes such as perception, memory, thought, and problem-solving.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and sadness.

Narcissism

Narcissism is a personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.