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:

Conditioning Stimuli

External or internal cues that, through learning, lead to conditioned responses in behavioral psychology.

Process Information

The act of taking in, interpreting, and making sense of information, which can involve perception, understanding, and retention of data.

Sleep

A natural, recurring state of rest for the mind and body, characterized by altered consciousness, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) stages.

Operant Conditioning

A method of learning that uses rewards and punishments to modify behavior.