A current bill that a company owes to others that is the result of buying merchandise on credit is called Blank______.Multiple choice question.bonds payableaccounts receivablestockholders equityaccounts payable
Question
A current bill that a company owes to others that is the result of buying merchandise on credit is called Blank______.Multiple choice question.bonds payableaccounts receivablestockholders equityaccounts payable
Solution 1
The correct answer is "accounts payable". This term refers to the money that a company owes to suppliers, but has not yet paid.
Solution 2
No answer
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