The largest part of business accounts payable are normally
A)the monthly payroll owed to employees.
B)obligations of our firm that were obtained by purchasing inventory on credit.
C)the monthly obligations that were contracted for,like mortgage payments,insurance,and utilities.
D)obligations of a firm that were accumulated and are owed to governmental agencies.

Question

Quizplus · Accepted Answer

Accounts payable are generally obligations that a company owes to its suppliers or vendors for goods or services that have been purchased on credit. This would include inventory that was purchased on credit. While options A, C, and D may also be part of a company's accounts payable, they are not typically the largest portion.

The Largest Part of Business Accounts Payable Are Normally