Answer:
. Accounts payable
Step-by-step explanation:
A liability is a debt or a financial obligation that an individual or a firm owes to other parties. It is money owed to somebody else or another company. Liabilities arise as firms and individuals engage in their normal business operations.
Liabilities can be short-term and long-term. Short term liabilities are obligations that a company expects to repay within the financial year. They comprise of invoices for goods and services received, but payments have not been made. Long-term liabilities are debts that a company will repay over a period exceeding one year. They are mostly used to finance business expansion.