Multiple Choice
What is an accounts payable?
A) It is a liability for goods or services purchased on credit and supported by a written agreement.
B) It is a liability for goods or services purchased on credit and supported by the credit standing of the purchaser.
C) It is an amount of money to be received from a supplier.
D) It is an asset arising from the sale of goods or services on credit.
Correct Answer:
Verified
Correct Answer:
Verified
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