If Accounts Payable has been debited, it is most likely that:

A) a payment was made on account.
B) a purchase was made on account.
C) a charge customer made a payment.
D) an expense was paid with cash.

Question

Allena Valadez · Accepted Answer

Final Answer : A, Explanation :  When Accounts Payable is debited, it indicates a reduction in the liability, which typically occurs when a payment is made on account, thus settling or reducing the amount owed to a creditor.

If Accounts Payable has been debited, it is most likely that:

A) a payment was made on account.
B) a purchase was made on account.
C) a charge customer made a payment.
D) an expense was paid with cash.

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Learning Objectives

Learning Objectives

Related questions

If Accounts Payable has been debited, it is most likely that:A) a payment was made on account.B) a purchase was made on account.C) a charge customer made a payment.D) an expense was paid with cash.

Definitions

Learning Objectives

Learning Objectives

Related questions

If Accounts Payable has been debited, it is most likely that:

A) a payment was made on account.
B) a purchase was made on account.
C) a charge customer made a payment.
D) an expense was paid with cash.