A company typically records the amount owed to suppliers for goods or services when:
A)they are ordered.
B)a verbal commitment to buy has first been made.
C)they are paid for.
D)the goods or services are received.

Question

Quizplus · Accepted Answer

A company typically records the amount owed to suppliers for goods or services when the goods or services are received. This is because the company has now incurred the obligations to pay for the goods or services.

A Company Typically Records the Amount Owed to Suppliers for Goods