briannaselenee briannaselenee
  • 01-02-2021
  • Business
contestada

Payments due for products or services purchased on credit by customers are:
accounts payable
accounts receivable
cash flow
income

Respuesta :

Samawati
Samawati Samawati
  • 04-02-2021

Answer:

accounts payable

Explanation:

Accounts payable represents the company's obligations to supplies and other third parties that the business owes. It is money that the business should payout to its suppliers. When a business purchases goods and services on credit, it incurs liabilities. Accounts payable are debts and are classified as current liabilities.

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