Correct Answer: Bad debt expense account
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Accounts Payable Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Accounts Payable MCQ Questions
Which of the following will not result in the recognition of a deferred tax asset?
Who is to be covered by VAT (Value Added Tax)?
Who typically calculates the tax liability to be paid?
How often should Payables be entered in the accounting system?
When are sales & use taxes due?
True or False? A balance sheet has the amount owed to creditors in two groups, namely current liabilities and long-term liabilities.
What is another term for a supplier?
Which of the following are one of the steps in a Standard Monthly Accounting Closing Cycle?
True of False? A blank check is usually a check that is signed by an employer but lacks any more details like the amount, date, and payee.
If AP pays from a statement, what potential result could occur?