Which of the following is an unwritten promise to pay for credit purchases or services?

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Accounts payable refers to the amount owed by a company to its creditors for goods or services received on credit. It is an unwritten promise to pay for credit purchases or services. Debt collection refers to the process of collecting past-due debts, cost ratio is a financial ratio that measures a company's costs relative to its revenue, and cost accounting is a method of accounting that tracks and analyzes a company's costs and expenses.

Which of the Following Is an Unwritten Promise to Pay