Balance of accounts payable

Assignment Help Accounting Basics

Reference no: EM13258097

1. The normal balance of accounts payable accoiunt is a ______because it is a(an)_____ account

a. debit,asset
b. credit,liability
c. debit,expense
d. credit,revenue

2. a purchase of a computer on accountwould include a:

a. credit to computer
b. credit to cash
c. credit to accounts payable
d. debit to accoiunts receivable

3. The payment of salaries to employees would include a:

a. credit to salaries expense
b debit to accounts payable
c. credit to cash
d. credit to salaries payable

Reference no: EM13258097

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