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What Is an Accounts Payable

Question 16

Multiple Choice

What is an accounts payable?


A) Amounts a customer owes our business from a credit sale where the customer promises to pay later.
B) Amounts our company has already payed to our vendors.
C) Amounts our business is obligated to pay in the future.
D) Amounts our company must return to our vendor if discounts are not granted on our purchases.

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