Accounts payable appear on which of the following statements?
A) Balance sheet.
B) Statement of cash flows.
C) Transaction statement.
D) Statement of owner's equity.
E) Income statement.

Question

Quizplus · Accepted Answer

Accounts payable represent the amount owed by a company to its vendors or suppliers for goods or services received but not yet paid for. This is a liability of the company and is included in the balance sheet under the current liabilities section. The statement of cash flows, transaction statement, statement of owner's equity, and income statement do not typically include accounts payable.

Accounts Payable Appear on Which of the Following Statements