The general ledger account Accounts Payable is a current __________ account
Liability
Asset
A __________ balance is typical for Accounts Payable.
Debit
Credit
The balance in Accounts Payable is decreased with a __________ entry.
Debit
Credit
An account payable on the books of the buyer should be an account __________ on the books of the seller.
Payable
Receivable
Accounts payable are also known as __________ payables.
Trade
BRS
Balance Sheet
PO is the abbreviation for __________ __________
Purchase Offer
Purchase Order
Post Office
Suppliers are also referred to as __________.
Vendors
Creditors
Debtors
A form or record sometimes used to assemble the documentation and approvals necessary for paying a vendor's invoice is a __________.
Voucher
Invoice
Purchase Order
the company's __________ order, & the vendor's __________, and the company's __________ report or ticket.
Purchase, Invoice, Receiving
Purchase, Receiving, Invoice
Receiving, Purchase, Invoice
A $1,000 invoice from a supplier has terms of 2/10, n/30. The amount that should be remitted to the supplier if the amount is paid within the discount period is $__________.
980
990
960
800
0
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