Which of the following represents amounts owed for goods,supplies,or services purchased?
A)bonds payable
B)accounts payables
C)customer -related payables
D)compensated absences

Question

Quizplus · Accepted Answer

Accounts payable represent amounts owed to suppliers for goods, supplies, or services purchased on credit. Bonds payable are long-term liabilities representing money borrowed through the issuance of bonds. Customer-related payables are not a common accounting term. Compensated absences are a liability for wages or benefits earned but not yet taken by employees.

Which of the Following Represents Amounts Owed for Goods,supplies,or Services