Debts owed by a business are referred to as:
A) accounts receivable.
B) equities.
C) stockholders' equity.
D) liabilities.

Question

Quizplus · Accepted Answer

Debts owed by a business are considered as liabilities. Accounts receivable refers to the money owed to the business by its customers, equities refer to the ownership interest in the business, and stockholders' equity is a part of equity and represents the amount of money invested in the business by its shareholders.

Debts Owed by a Business Are Referred to As