Question

Given a fixed level of sales and a constant profit margin, an increase in the accounts payable period can result from: an increase in the cash cycle. a decrease in the operating cycle. an increase in the ending accounts payable balance. an increase in the cost of goods sold account value. a decrease in the average accounts payable balance.

Answer 1

an increase in the ending accounts payable balance.

The amount that flows to the accounts payable balance on the business's current period balance sheet is represented by the ending balance in the accounts payable (A/P) roll-forward schedule.

How is the balance of accounts payable determined?

On a company's balance sheet, accounts payable are listed. Given that it is money owing to creditors and appears on the balance sheet under current liabilities, accounts payable is a liability. Current liabilities are a company's short-term debts, usually lasting less than three months.

What Does an Accounts Payable Expense Example Look Like?

• Logistics and transport.
• Rough Materials
• Fuel, power, and energy.
• Products and apparatus.
• Leasing.
• Licensing.
• Assembly and subcontracting services

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