Question

A firm buys products but does not pay to suppliers instantly. This is recorded as
A) Account Receivable
B) Account Payable
0) Accumulated Liabilities
D) Current Liabilities​

Answer 1

Answer:

Current liabilities

Explanation:

I hope it will help you!

Answer 2

B) Account Payable is an appropriate answer.

Explanation for correct answer:

• A business enterprise purchases items however do now no longer pay bills to providers straight away and file them as account payable.
• Accounts payable (AP) are debts through a commercial enterprise to its providers proven as a legal responsibility on a business enterprise's stability sheet.
• It is awesome from notes payable liabilities, that is money owed created through formal legal instrument documents.

The explanation for incorrect answers :

A) Account Receivable :

• Accounts receivable (AR) is the stability of cash because of a company for items or offerings added or used however now no longer but paid for via way of means of customers.

C) Accumulated Liabilities :

• The time period "accumulated liability" refers to a cost incurred however now no longer but paid for via way of means of a business.

D) Current Liabilities​ :

• Current liabilities are a company's short-time period monetary responsibilities which can be due inside twelve months or inside an everyday running cycle.

#SPJ3