If the December 31,2012,balance of accounts payable is higher than the January 1,2012,balance,then the amount of cash payments will exceed the purchases on account for the year.

Name: If the December 31,2012,balance of accounts payable is higher than the January 1,2012,balance,then the amount of cash payments will exceed the purchases on account for the year.
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Quizplus · Accepted Answer

If the accounts payable balance increased over the year, it means that purchases on account exceeded cash payments, not the other way around.

If the December 31,2012,balance of Accounts Payable Is Higher Than