Which account related to the amount of cash that is owed by the business to othe

Question

Which account related to the amount of cash that is owed by the business to others for resources previously provided? Select one: a. Accounts Payable b. Accounts Receivable c. Unearned Revenue d. Wages Expense Which account related to the amount of cash that is owed by the business to others for resources previously provided? Select one: a. Accounts Payable b. Accounts Receivable c. Unearned Revenue d. Wages Expense Which account related to the amount of cash that is owed by the business to others for resources previously provided? Select one: a. Accounts Payable b. Accounts Receivable c. Unearned Revenue d. Wages Expense

Explanation / Answer

Answer would be Option A. Accounts Payable

As per generic defination of AP, it is the amount that company have to pay for the goods or services availed by the company from the provider.

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