Asked by
Vanessa Bermudez
on Nov 18, 2024
Verified
Accounts payable are accounts that you expect will be paid to you.
Accounts Payable
Liabilities or amounts owed by a business to its creditors or suppliers for goods or services that have been received but not yet paid for.
- Recognize the role of accounts payable and accounts receivable in business transactions.
Verified Answer
SR
Learning Objectives
- Recognize the role of accounts payable and accounts receivable in business transactions.
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