Accounts payable would appear on the:
A) balance sheet with the current liabilities
B) retained earnings statement with the dividends
C) income statement with the expenses
D) balance sheet with the current assets

Question

Quizplus · Accepted Answer

Accounts payable is a current liability that represents the amount owed to suppliers or vendors for goods or services purchased on credit. As such, it would appear on the balance sheet under the current liabilities section, which shows all obligations that are due within one year of the balance sheet date.

Accounts Payable Would Appear on The