Which of the following expenses is classified as accounts payable?
A) electricity charges
B) sales commissions
C) employee salaries
D) interest on bonds
E) loans from banks
Answer: A
Explanation: Accounts payable includes the money the company owes its suppliers as well as money it owes vendors for miscellaneous services (such as electricity and telephone charges).
You might also like to view...
Which of the following is the main advantage of radio as an advertising medium?
A) low competition B) more attention than television C) longer duration of ad exposure D) flexibility E) standardized rate structures
Discuss the definition, recognition, and measurement of assets
An increase in a security's random risk should lead to an increase in its beta value
Indicate whether the statement is true or false.
The project management process helps individuals and organizations map a clear strategy to complete a project successfully
Indicate whether the statement is true or false