Accounts payable are recorded on the books at their
A)net present value.
B)net amount.
C)net realizable value.
D)face value.

Question

Quizplus · Accepted Answer

Accounts payable are recorded on the books at their face value, which is the amount owed to the creditor. This means that the amount recorded on the books represents the full amount owed, without any adjustments for discounts, interest, or other factors.

Accounts Payable Are Recorded on the Books at Their