Debts owed by a business are referred to as
A) accounts receivables
B) expenses
C) owner's equity
D) liabilities

Name: Debts owed by a business are referred to as A) accounts receivables B) expenses C) owner's equity D) liabilities
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Debts owed by a business are referred to as liabilities. Accounts receivables represent money owed to the business, expenses are costs incurred by the business, and owner's equity represents the net worth of the business.

Debts Owed by a Business Are Referred to as