Accounts payable
A)have specific due dates.
B)are long-term liabilities.
C)are estimated liabilities.
D)are amounts owed to suppliers for products and services purchased on credit.
E)all of these.

Question

Quizplus · Accepted Answer

Accounts payable are amounts owed to suppliers for products and services purchased on credit. They have specific due dates but are not long-term liabilities as they are typically due within a short period of time, usually within 30-90 days. They are also not estimated liabilities as the amount owed is typically known and agreed upon by both parties.

Accounts Payable