The Classification and Normal Balance of the Accounts Payable Account

question 115

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) an asset with a debit balance
• D) an expense with a debit balance

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Definitions:

Post-traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Overwhelming Anxiety

A state of extreme nervousness or worry, often with physical symptoms, that disrupts daily functioning.

Flashbacks

Sudden, intense, and vivid recollections of past experiences, often associated with trauma.

Major Depressive Disorder

A mental health condition characterized by a persistent feeling of sadness and loss of interest, affecting daily functioning.