question 5 (1 point) which account is being credited? accounts receivable accounts payable cash mortgage…

question 5 (1 point) which account is being credited? accounts receivable accounts payable cash mortgage payable
Answer
Brief Explanations:
In accounting, accounts receivable is an asset account usually debited when revenue is earned on credit. Accounts payable is a liability account credited when goods or services are purchased on credit. Cash is an asset account debited when cash is received and credited when cash is paid out. Mortgage payable is a liability account credited when a mortgage is taken on. Without more context, we assume a general liability - related credit situation. Accounts payable is often credited when incurring short - term debts.
Answer:
Accounts Payable