ACC MCQ
ACC101 Chapter 8
Money which a company owes to vendors for products and services purchased on credit. This item appears on the company's balance sheet as a current liability.
Money which a company owes to vendors for products and services purchased on credit. This item appears on the company's balance sheet as a current liability.
Money which a company owes to vendors for products and services purchased on credit. This item appears on the company's balance sheet as a current liability.
a. Prepayment
b. Account receivable
c. Asset
d. Account payable
e. Cost of goods sold
Answer: D
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