Question

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

Answer 1

Liability side of balance sheet.

Answer 2

Accounts payable means that there is transactions and the company or an individual is giving out the cash, in any financial statement the money that is paid out of the company's account or an individual account records its transaction on the credit side of the accounting books, since there is cashing outwards of the money.