menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Essentials Study Set 7
  4. Exam
    Exam 11: Understanding Accounting
  5. Question
    A(n) ________ Is a Debt Owed by a Firm to an Outside
Solved

A(n) ________ Is a Debt Owed by a Firm to an Outside

Question 18

Question 18

Short Answer

A(n) ________ is a debt owed by a firm to an outside organization or individual.
liability
owners' equity
debit
asset
credit

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: What is a budget?

Q10: Identify the solvency ratios and what they

Q13: Max Corp. has total assets of $100

Q14: If you wanted to see how much

Q16: Government agencies would be most interested in

Q17: Aardvark is a small pest-control business that

Q19: A(n) _ examines a company's accounting system

Q20: _ are non-physical assets, such as a

Q41: Double-entry accounting is used by private-sector firms,but

Q206: The matching principle takes precedence over the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines