Asked by Mahmoud Saleh on Apr 30, 2024

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______ is the amount that customers owe to a company after receipt of items or services purchased.

A) Accounts payable
B) Accounts receivable
C) Accounts deferred
D) Accounts accrued

Accounts Payable

Money owed by a business to its suppliers.

  • Distinguish between accounts payable and accounts receivable.
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MS
Martiana SanchezMay 01, 2024
Final Answer :
B
Explanation :
Accounts receivable is the amount that customers owe to a company after receipt of items or services purchased. Accounts payable is the amount that a company owes to its vendors or suppliers for goods or services received but not yet paid for. Accounts deferred and accounts accrued are not related to customer or vendor transactions.