Question

Where would accounts payable' most likely appear in a set of financial statements?

Answer 1

Answer:

Accounts payable is a bookkeeping term that refers to the money you owe to private vendors, such as suppliers. On a financial statement, accounts payable appears on the debit portion of your balance sheet. It represents a sum that you don't actually own because you will soon have to pay it.

Explanation:

MARK IT AS BRAINLIEST

Answer 2

Answer:

Accounts payable are shown as a debit on your balance sheet in a financial statement.

Explanation:

• Accounts Payable is the term used when a business acquires products on credit that must be repaid within a short period of time.
• It is categorised under the category of "current liabilities" and is handled as a liability.
• A short-term debt payment called accounts payable must be made in order to stay in good standing.
• Accounts payable are listed as a current obligation on a company's balance sheet since they represent money due to third parties.
• Accounts payable, short-term debt, dividends, notes payable, and unpaid income taxes are a few examples of current obligations.
• The balance due to creditors for accounts payable is recorded under "current liabilities" on a company's balance sheet because it is a liability.
• Current liabilities often have a maturity of fewer than 90 days.

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