Which of the following would be listed as a current liability?
A)Cash in the bank
B)Notes payable due in two years
C)Supplies
D)Accounts payable

Question

Quizplus · Accepted Answer

Accounts payable is a current liability as it represents an amount owed to creditors for goods or services that have been received but not yet paid for. Cash in the bank is an asset, notes payable due in two years is a long-term liability, and supplies are inventory or assets.

Which of the Following Would Be Listed as a Current