__________________ is an amount due to an outside vendor for the purchase of supplies, equipment, or services.
A) Asset
B) Accounts receivable
C) Notes payable
D) Accounts payable

Question

Quizplus · Accepted Answer

Accounts payable is the correct term for an amount owed to an outside vendor for the purchase of supplies, equipment, or services. It represents a liability on the company's balance sheet.

__________________ Is an Amount Due to an Outside Vendor for the Purchase