Amounts owing to an advertising company as per an invoice received would appear on the balance sheet as:
A) accounts payable.
B) accruals.
C) provisions.
D) contingent liability.

Question

Quizplus · Accepted Answer

Amounts owing to an advertising company as per an invoice received are considered a liability that needs to be paid in the future. This liability is classified as an accounts payable and would appear on the balance sheet as such. Accruals, provisions, and contingent liabilities are different types of liabilities that would not apply in this scenario.

Amounts Owing to an Advertising Company as Per an Invoice