menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    The Accounts Payable Account Is A(n)________ Account and Carries a ________
Solved

The Accounts Payable Account Is A(n)________ Account and Carries a ________

Question 4

Question 4

Multiple Choice

The Accounts Payable account is a(n) ________ account and carries a ________ normal balance.


A) liability; debit
B) asset; debit
C) liability; credit
D) asset; credit

Correct Answer:

verifed

Verified

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

Related Questions

Q1: Which of the following statements is true

Q3: A business renders services for $26,000 and

Q5: Which of the following is a financial

Q6: Which of the following accounts increases with

Q8: For Expenses, the category of account and

Q9: The balances in the accounts of liabilities

Q10: A journal entry for a $75 payment

Q31: An account that normally has a debit

Q85: Unearned revenue is a liability account.

Q143: The Salaries Payable account is a(n)_.<br>A) liability

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