The accounts payable account is listed in the chart of accounts as an asset.

Name: The accounts payable account is listed in the chart of accounts as an asset.
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The accounts payable account is listed in the chart of accounts as a liability, not an asset. It represents the amount owed to vendors or suppliers for goods or services that have already been received but have not yet been paid for.

The Accounts Payable Account Is Listed in the Chart of Accounts