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Is check payable a liability ?​

Is check payable a liability ?​
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5 votes
Is check payable a liability ?​

User Swizzard
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2 Answers

3 votes
A pay check is a liability
User Shoan
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Answer:

Yes

Step-by-step explanation:

Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet.

User Dortique
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