0
False, any "payable" regardless of the type will increase the liabilities which has a Credit Balance. Payables are what the company owes but has not yet paid and are considered a liability until they are paid thus increasing liabilities with an increase to the credit side of the balance sheet.
There for Suta Tax Payable would be a liability which increase with credit and decrease with debit.
What else can I help you with?
The purchase of a typewriter on an account would be recorded as a debit on accounts payable and credit to office equipment True or False?
false
When companies pay the government collected sales tax sales taxes payable is credited and cash is debited true or false?
True. When companies pay the government the collected sales tax, they credit the "Sales Taxes Payable" account, which reduces the liability, and they debit the "Cash" account to reflect the outflow of cash. This transaction effectively transfers the sales tax liability to the government.
True or false When a companys Cash account balance is less than its Accounts Payable account balance bankruptcy is likely to follow.?
yes
Accounts Payable represents amounts owed to debtors True False?
False, Accounts payable represents the amount payable to creditors rather debtors which is called accounts receivable.
Is this true or false that the spending chain process consists of the acquisition process and the accounts payable process?
True, The Spending Chain Process consists of the Acquistion Process and the Accounts Payable process.
The purchase of a typewriter on an account would be recorded as a debit on accounts payable and credit to office equipment True or False?
false
When an accounts payable account is paid in cash the owner's equity in the business decreases True or False?
False. Payment of an accounts payable reduces cash and reduces accounts payable. Equity is not affected.
When companies pay the government collected sales tax sales taxes payable is credited and cash is debited true or false?
True. When companies pay the government the collected sales tax, they credit the "Sales Taxes Payable" account, which reduces the liability, and they debit the "Cash" account to reflect the outflow of cash. This transaction effectively transfers the sales tax liability to the government.
The normal balance of the accumulated depreciation account is debit?
False. Normal Credit Balance.
True or false When a companys Cash account balance is less than its Accounts Payable account balance bankruptcy is likely to follow.?
yes
Accounts Payable represents amounts owed to debtors True False?
False, Accounts payable represents the amount payable to creditors rather debtors which is called accounts receivable.
How remove false charge from credit card?
How do I remove false chages from my debit card?
When you abuse alcohol your resistance to colds increases?
That is false.
True or false As light intensity increases indefinitely the rate of photosynthesis increases indefinitely?
False. There is a limit to the rate of photosynthesis even as light intensity increases. Once the saturation point is reached, the rate of photosynthesis remains constant.
When temperature increases the kinetic energy of the particles decrease true or false?
false
Is this true or false that the spending chain process consists of the acquisition process and the accounts payable process?
True, The Spending Chain Process consists of the Acquistion Process and the Accounts Payable process.
The column total of the general debit column is posted is it true or false?
This question is wrong.
