Accounts payable is a:
A)long-term liability.
B)current asset.
C)long-term asset.
D)current liability.

Name: Accounts payable is a: A)long-term liability. B)current asset. C)long-term asset. D)current liability.
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Question

Quizplus · Accepted Answer

Accounts payable is money owed by a company to its suppliers or vendors for goods or services received but not yet paid for. This is considered a current liability as it is typically due within one year.

Accounts Payable Is A