The classification and normal balance of the accounts payable account is
A) an asset with a credit balance
B) a liability with a credit balance
C) an asset with a debit balance
D) an expense with a debit balance

Question

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Accounts payable is a liability account, as it represents the money that a company owes to its creditors or suppliers. The normal balance for a liability account is a credit balance.

The Classification and Normal Balance of the Accounts Payable Account