Debts owed by a business are referred to as
A) accounts receivables
B) expenses
C) stockholders' equity
D) liabilities

Question

Quizplus · Accepted Answer

Debts owed by a business are referred to as liabilities. Accounts receivables are the amounts owed to a business by its customers, expenses are the costs incurred in running a business, and stockholders' equity is the residual value of assets after liabilities are deducted.

Debts Owed by a Business Are Referred to as