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    Financial Accounting Study Set 7
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    Exam 2: Recording Business Transactions
  5. Question
    The Normal Balance of the Accounts Payable Account Is a ________
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The Normal Balance of the Accounts Payable Account Is a ________

Question 95

Question 95

Multiple Choice

The normal balance of the Accounts Payable account is a ________ because it is a(n) ________ account.


A) debit; asset
B) credit; shareholders' equity
C) credit; liability
D) credit; revenue

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