The short-term debts the company owes to others are called
A) accounts receivable
B) accounts payable
C) assets
D) debtors

Question

Quizplus · Accepted Answer

Accounts payable refers to the short-term debts that a company owes to others, such as suppliers or creditors. Accounts receivable, on the other hand, refers to the short-term amounts that other individuals or businesses owe to the company. Assets are resources that a company owns, such as equipment or inventory. Debtors can refer to individuals or businesses who owe money to the company, but not specifically to the company's short-term debts.

The Short-Term Debts the Company Owes to Others Are Called