Question

_____ payable are current liabilities involving money owed to others but not yet paid

a) Accounts
b) Bills
c) Invoices
d) Debts

Answer 1

Accounts payable are current liabilities involving money owed to others but not yet paid. They represent the amount of money a business owes to its suppliers or vendors for goods or services received on credit.

Step-by-step explanation:

Accounts payable are current liabilities involving money owed to others but not yet paid. They represent the amount of money a business owes to its suppliers or vendors for goods or services received on credit. Examples of accounts payable include outstanding bills, invoices, or debts that have not been settled.