Asked by No

The accounts payable account is a/an _______, and it has a normal ________ balance.
A. revenue; debit
B. expense; credit
C. liability; debit
D. liability; credit

I think the answer is D.
Answered by Mayank
Answer D is appropriate, The accounts payable entry is found on a balance sheet under the heading current liabilities. It so similar to the Bills payable and Tax payable.
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