For the items listed , select the appropriate code letter whether the item is :
-Accounts Payable
A) Asset (A)
B) Liability(L)
C) Equity item (E)

Name: For the items listed , select the appropriate code letter whether the item is : -Accounts Payable A) Asset (A) B) Liability(L) C) Equity item (E)
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Question

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Accounts Payable is considered a liability because it represents an obligation to pay a creditor for goods or services received.

For the Items Listed , Select the Appropriate Code Letter