A list of creditors with balances owed is called
A) a schedule of accounts receivable.
B) a schedule of accounts payable.
C) a list of suppliers.
D) a trade list.

Question

Quizplus · Accepted Answer

A list of creditors with balances owed is called a schedule of accounts payable. A schedule of accounts receivable is a list of customers who owe the company money. The other two options, a list of suppliers and a trade list, do not specifically refer to the balances owed to these parties.

A List of Creditors with Balances Owed Is Called