Question

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.

Answer 1

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.