Question

Money an organization owes its vendors and suppliers.

Accounts payable
Accounts receivable
Liabilities

Answer 1

A bank's balance sheet lists its assets and liabilities. Accounts payable is the money that a bank owes to its vendors and suppliers.

Step-by-step explanation:

A bank's balance sheet is an accounting tool that lists assets and liabilities. Assets are items of value that a bank owns, such as cash held in its vaults or monies held at the Federal Reserve bank. Liabilities, on the other hand, are debts or obligations that the bank owes, such as money owed to vendors and suppliers, which is referred to as accounts payable. The net worth of a bank, also known as bank capital, is calculated by subtracting the amount of liabilities from the value of assets.