Debts owed by a business are referred to as
A) accounts receivable
B) expenses
C) owner's equity
D) liabilities

Name: Debts owed by a business are referred to as A) accounts receivable B) expenses C) owner's equity D) liabilities
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Question

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Debts owed by a business are referred to as liabilities. Accounts receivable refers to money owed to a business by its customers, expenses refer to costs incurred by a business to generate revenue, and owner's equity refers to the owner's investment or stake in the business.

Debts Owed by a Business Are Referred to as