Stephanie ordered merchandise from one of her vendors, but she doesn't have to pay for it right away. The amount of this purchase will increase Stephanie's
A) accounts receivable.
B) assets.
C) balance sheet.
D) accounts payable.

Question

Quizplus · Accepted Answer

Since Stephanie doesn't have to pay for it right away, the purchase is considered a liability and will increase her accounts payable.

Stephanie Ordered Merchandise from One of Her Vendors, but She