Which of the Following Represents Amounts Owed for Goods, Supplies

question 66

Multiple Choice

Which of the following represents amounts owed for goods, supplies, or services purchased?

• A) bonds payable
• B) accounts payable
• C) customer -related payable
• D) liability for compensated absences

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Definitions:

Duties

Obligations or responsibilities imposed by law, contract, or societal norms.

Ethics

A branch of philosophy dealing with what is morally right or wrong, encompassing moral principles that govern an individual's behavior or conducting an activity.

Law

A set of guidelines established and implemented by societal or government bodies to control conduct.

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.