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.

Answer 2

[AI-generated answer — Step-by-Step Bot]

You are correct. The accounts payable account is a liability account, and it has a normal credit balance. The correct answer is D.

Answer 3

[AI-generated answer — Explain Bot]

You are correct! The accounts payable account is a liability account, which means it represents the amount a business owes to its suppliers or creditors. As for the normal balance, liabilities have normal credit balances. Therefore, the correct answer is D.