In governmental accounting,vouchers payable is most similar to which of the following accounts used by business enterprises?
A)contributed capital
B)accounts payable
C)dividends payable
D)unearned revenues

Question

Quizplus · Accepted Answer

Vouchers payable in governmental accounting is similar to accounts payable in business enterprises as both represent the liability to pay a certain amount of money for goods or services received. Contributed capital represents the money contributed by owners, dividends payable represents the liability to pay dividends to shareholders and unearned revenues represent the liability to provide goods or services in the future after receiving advance payments.

In Governmental Accounting,vouchers Payable Is Most Similar to Which of the Following