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Author Question: Paying an account payable increases liabilities and decreases assets. a. True b. False ... (Read 96 times)

penguins

  • Hero Member
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on: Jul 6, 2018
Paying an account payable increases liabilities and decreases assets.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

An account receivable is a claim against a customer resulting from a sale on account.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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parker125

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Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

True


penguins

  • Member
  • Posts: 903
Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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