which of the following best describes accounts payable?\nthe money that a business owes its suppliers\nthe…
which of the following best describes accounts payable?\nthe money that a business owes its suppliers\nthe money that customers owe a business\nthe total amount of cash available after paying expenses
Answer
Brief Explanations:
Accounts payable is a liability account in accounting. It represents the amounts a business owes to its suppliers for goods or services purchased on credit. The second option describes accounts receivable (customers' debt to the business), and the third option is more related to net cash or profit - like concepts.
Answer:
the money that a business owes its suppliers