The accounts payable account is listed in the chart of accounts as an asset.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following is not a managerial problem associated with expenditures?
A. Misapplication of assets.
B. Overspending of appropriations.
C. Misapplication of the availability criterion.
D. Misallocation or poor allotments of appropriations.