Examlex
Which of the following terms is in its correct plural state?
Accounts Payable
Debts of a business to creditors arising from the acquisition of goods and services on credit.
Purchases on Account
Transactions where goods are bought and the payment is deferred to a future date, often recorded in accounts payable.
Supplies Account
An account used in accounting to track the amount spent on supplies that have not yet been used or consumed by the business.
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.
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