The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is called a(n)
A) account payable.
B) account receivable.
C) revenue.
D) expense.

Name: The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is called a(n) A) account payable. B) account receivable. C) revenue. D) expense.
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Question

Quizplus · Accepted Answer

Accounts payable is the liability created when a business purchases goods or services on credit from suppliers.

The Liability Created by a Business When It Purchases Coffee