Question

the accounts payable account is a(n) account. multiple choice question. expense revenue asset liability

Answer 1

An account is the accounts payable account. query with several options. costs, revenues, assets, and liabilities is liability

Given that it is money owing to creditors and appears on the balance sheet under current liabilities, accounts payable is a liability.

Accounts Payable is the term used when a business acquires products on credit that must be repaid within a short period of time. It is categorized under the category of "current liabilities" and is handled as a liability. A short-term debt payment called accounts payable must be made in order to stay in good standing.

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