1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
r-ruslan [8.4K]
1 year ago
13

The accounts payable account is a/an _______, and it has a normal _______ balance.

Business
1 answer:
Katyanochek1 [597]1 year ago
3 0

In finance and accounting, accounts payable can operate as either a credit or a debit. Because accounts payable is a penalty account, it should have a credit balance.

<h3>Are accounts owed a debit or credit in normal balance?</h3>

Accounts payable (A/P) is a type of penalty account, so it stays on the credit side of the trial balance as the normal balance. It is the amount that we owe to suppliers for the interests or services that we have already acquired but have not paid yet.

Accounts payable (AP) is a short-term debt and a liability on a balance sheet where a corporation owes money to its vendors/suppliers that have provided the business with goods or services on credit.

To learn more about normal balance visit the link

brainly.com/question/15181114

#SPJ4

You might be interested in
The data-mining technique that creates a report or visual representation is _____.
Helga [31]

Answer:

The data-mining technique that creates a report or visual representation is summarization.

Explanation:

The business world has changed drastically over the years in terms of marketing and service delivery because of growth in technology. The use of machines and internet has caused a greater need for access and analysis of information in such a way that can make a business thrive in the market. This means that most businesses have to look into better data-mining techniques that can assist them in the competitive business environment.

The different data mining techniques include; association-rule learning, classification, summarization and regression. They are explained further as follows:

1. Association-rule learning: this is a machine learning technique that discovers a relationship between large databases using the concept of strong rules.

2. Classification: this technique finds similarities in features of two or more data sets and groups them into the same category.

3. Regression: this is a predictive technique that is used to identify and analyse the likelihood of a specific variable.

4. Summarization: this technique takes the results from the data and puts it in a way that it is short and understandable by most people. It usually involves the use of tables and other data summarization software like Excel sheets to represent the data in a way that conclusions can easily be drawn. Data summarization is important especially in the digital world where large amounts of data are available for analysis and transfer. This technique helps in breaking down huge data into short comprehensible reports that can easily be used for quick decision making.

3 0
3 years ago
The minimum level of education required for a roofer is: Master’s degree Bachelor’s degree Associates degree No formal education
valkas [14]

Answer:

No formal education required

Explanation:

In many countries, the roofer works with a license. But to be a roofer, you don't need any formal education.

The training is done on the spot, the beginner is learning from other experienced roofers. To qualify for the job of a roofer, a person has to be at least 18 years old, to have a high school diploma and be physically able.

7 0
3 years ago
Read 2 more answers
Magnira Corp. is an apparel company. After a slow start, it saw a steep rise in its clientele and a remarkable increase in its p
Ierofanga [76]

Answer:

The company must create brand recognition and open new branches to access greater number of customers.

Explanation:

Ofcourse having a brand recognition means that the company is oriented towards developing its image that plays a vital role in making choices and this is only possible if its products are widely available in the market by openning new branches and offering other branches to present your products. This will lead to access of product to greater amount of public and greater the number of people will choose Magnira's products.

8 0
3 years ago
If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to
oee [108]

Answer:

C. Subsidized

Explanation:

According to the economic theory, subsidies could be used to counter market weaknesses and externalities so that greater economic performance is achieved. Subsidy refers to the release of funds from the government to an individual, business, or entity. This results in a decrease in the value of the subsidized product. This support could be either in the form of cash or kind and is usually given to support a social or economic policy. The purpose of the subsidy is to promote the interests of society. It is part of the government 's non-planned expenditure.

7 0
3 years ago
John wants to know how much he should pay for a particular used car. what should john do? he should ask his friend how much he p
SSSSS [86.1K]
What John should do is he should find reliable and relevant information; perhaps look up the information in the Kelley Blue Book.
He can't ask his friend because he may want to buy a different car, so his advice may not be helpful at all. A car dealer may want him to pay more than he should, so that wouldn't be useful either. His net worth will not help him reach his decision on how much he should pay for the particular car. So this Kelley Blue Book, which is used to compare prices for used cars is his best choice.
4 0
3 years ago
Read 2 more answers
Other questions:
  • What need theories would explain why lemuel greene was unhappy despite his high income?
    6·1 answer
  • Lección 9 estructura | 9.3 ¿qué? and ¿cuál? 4 - escoger listen to this radio commercial and choose the most logical response to
    8·1 answer
  • Over 2 years, how much more does $2000 in a savings account with an APR
    10·2 answers
  • Which of the following statements is a characteristic particular to the postindustrial economy?
    12·1 answer
  • 20 points A trading business will use the________ account to track its inflow of goods.
    8·2 answers
  • Windsor Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 4 years and requires eq
    8·1 answer
  • Given the ethical lapses that are prevalent today in our businesses, what can be done to restore trust in the free-market system
    14·1 answer
  • The closer the smoothing constant, ALPHA, is to 0 the greater the reaction to the most recent demand the greater the dampening,
    7·1 answer
  • Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2021, the
    7·1 answer
  • The Federal Reserve ________ pay interest on reserves held on deposit. The European System of Central Banks ________ pay interes
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!