Question

Accounts Payable are: Multiple Choice Long-term liabilities Estimated liabilities Always payable within 30 days Amounts owed to suppliers for products and/or services purchased on credit

Answer 1

Amounts owed to suppliers for products and/or services purchased on credit

Step-by-step explanation:

Accounts payable in domain of finance can be regarded as money that is been owed the supplier by the business, and this reflect on the balance sheet of the company as a liability, this is different from notes payable liabilities. It should be noted that accounts Payable are Amounts owed to suppliers for products and/or services purchased on credit