Under which of the following categories would Accounts Payable appear?
A) Long-term assets
B) Current assets
C) Long-term liabilities
D) Current liabilities

Name: Under which of the following categories would Accounts Payable appear? A) Long-term assets B) Current assets C) Long-term liabilities D) Current liabilities
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Question

Quizplus · Accepted Answer

Accounts Payable are debts that a company owes to its creditors, which are expected to be paid within a year. Therefore, it falls under the category of current liabilities.

Under Which of the Following Categories Would Accounts Payable Appear