How is the account Accounts Payable classified and what kind of balance should it have? Group of answer choices current liability, debit current liability, credit revenue, debit revenue, credit
How is the account Accounts Payable classified and what kind of balance should it have? Group of answer choices current liability, debit current liability, credit revenue, debit revenue, credit
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 11Q: Will an accounts receivable balance increase with a debit or a credit entry? How do you know?
Related questions
Question
How is the account Accounts Payable classified and what kind of balance should it have?
Group of answer choices
current liability, debit
current liability, credit
revenue, debit
revenue, credit
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