What is the sales tax of $178.90 if the tax rate is 5.75%

Answer: decrease

Step-by-step explanation:Accounts payable are what the business owes. By paying off accounts payable, the liabilities are decreasing and the assets are also decreasing (because they use assets/cash to pay off the liabilities, so they have less now).

Answer:

The payment of accounts payable would decrease both assets and liabilities.

Accounts payable (AP) refers to a record inside the overall record that addresses an organization's commitment to take care of a momentary obligation to its leasers or providers. One more typical use of it alludes to the business office or division that is answerable for making installments owed by the organization to providers and different leasers.

In the event that AP increases over an earlier period, that implies the organization is purchasing more services and products on credit, instead of paying cash. In case an organization's AP decreases, it implies the organization is paying on its earlier period obligations at a quicker rate than it is buying new things using credit. And, the thing people or business uses to pay accounts payable in cash, which is an asset. So, basically, when you pay accounts payable, both your assets and liabilities will decrease.

Explanation:

The payment of accounts payable would decrease both assets and liabilities.

Accounts payable (AP) refers to a record inside the overall record that addresses an organization's commitment to take care of a momentary obligation to its leasers or providers. One more typical use of it alludes to the business office or division that is answerable for making installments owed by the organization to providers and different leasers.

In the event that AP increases over an earlier period, that implies the organization is purchasing more services and products on credit, instead of paying cash. In case an organization's AP decreases, it implies the organization is paying on its earlier period obligations at a quicker rate than it is buying new things using credit. And, the thing people or business uses to pay accounts payable in cash, which is an asset. So, basically, when you pay accounts payable, both your assets and liabilities will decrease.

Step-by-step explanation: