kylove53675 kylove53675

06-12-2019
Business

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What is the term used to describe amounts ima business owes to suppliers?

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chelseaharpe820 chelseaharpe820

06-12-2019

Answer:

Accounts Payable: Describes all money a business owes to vendors and suppliers for purchases of goods and services made on credit. Often listed in sum on the balance sheet as “current liability"

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