APA Exam CPP-Remote Topic 3 Question 61 Discussion

Actual exam question for APA's CPP-Remote exam

Question #: 61
Topic #: 3

What does it mean if, at the end of an accounting period, a company has a debit balance in a liability account?

AThe company has underdeposited taxes withheld from EE wages.

BThe company has not yet paid the third party.

CThe company has withheld too much from the EE.

DThe company has paid to a third party more than was withheld from the EE.

Show Suggested Answer

Suggested Answer: D

by Donte at Nov 15, 2024, 01:34 PM

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3 days ago

What does it mean if a company has a debit balance in a liability account?

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