Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Accounts payable refer to the current?

Answers:

• Liability of a business or an organization

• Asset of a business or an organization

• Expense of a business or organization

• Income of a business or organization

user-image
Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/10
هيثم ناجى
by هيثم ناجى , محاسب اول , الفيوم لصناعة السكر

the first choice is correct

liability

thanks for invitation

Ahmed Abdul-wadoud Mohamed
by Ahmed Abdul-wadoud Mohamed , Chief Accountant , Fresh Points Food Group Co.

• Liability of a business or an organization - • refers to short-term debt payments to suppliers and banks.

mahmoud elhawary
by mahmoud elhawary , محاسب , مروان زقزوق للتجاره

Liability of a business or an organization

Wilfredo Quito
by Wilfredo Quito , Accounting Manager , DDC LAND INC.

 

Accounts payable represents the amount of money a company owes to its supplier for the purchase of goods or services on credit.

 

The accounts payable account is listed as a current liability because a company must pay its debt in a short period of time.

 

Renshin Raj
by Renshin Raj , Financial Accountant , shams al amal auto spare parts trading llc

CURRENT LIABILLITY OF A BUSINESS

Deleted user
by Deleted user

Recognizes as a liability & recorded as a Current Liability becuse normally the repayment term is within days to not more than days. 

Anas Touqan
by Anas Touqan , مدير قسم المحاسبة , شركة التكامل الغذائي للتجارة والتسويق

Liability of a business or an organization ,,,,,,,,,,,,,,,,,, 

 

More Questions Like This