Accounts payable assessment | Questions with Complete Solutions 100% Correct

Accounts payable assessment | Questions with
Complete Solutions 100% Correct

, The general ledger liability
account Accounts Payable
is a current __________
account.

A ______ balance is credit
typical for Accounts
Payable.

The balance in Accounts debit
Payable is decreased with
a ______ entry.

An account payable on receivable
the books of the buyer
should be an account
_ _____ on the books of
the seller.

Accounts payable are also trade
known as __________
payables.

PO is the abbreviation for Purchase Order
__________ __________.

Suppliers are also referred vendors
to as _____ _.

A form or record voucher
sometimes used to
assemble the
documentation and
approvals necessary for
paying a vendor's invoice
is a_______.