Under which of the following categories would Accounts Payable appear?
A) long-term assets
B) current assets
C) long-term liabilities
D) current liabilities

Question

Quizplus · Accepted Answer

Accounts Payable is a liability that represents the amount that a company owes to its suppliers or vendors for goods or services received but not yet paid for. As it is a debt that must be paid within a year, it falls under the category of current liabilities.

Under Which of the Following Categories Would Accounts Payable Appear