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Doss [256]
4 years ago
15

Amounts owed to suppliers for supplies purchased on account are defined as

Business
2 answers:
OlgaM077 [116]4 years ago
5 0
The term being referred in the item above is called as "Accounts Payable". By the words being used in the term itself, it may be easily determined that this is a liability being owed to the supplier and should be payed in any terms, such as notes, check, or cash. 
vlabodo [156]4 years ago
5 0
Amounts owed to suppliers for supplies purchased on account are defined as "accounts payable". It <span> is an </span>accounting<span> entry that represents an entity's obligation to pay off a short-term debt to its creditors. Hope this answers the question. Have a nice day.</span>
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