Examlex
The complex known as the triad consists of ________.
Accrued Expenses Payable
Liabilities recorded on the books for expenses that have been incurred but not yet paid.
Accounts Payable
Liabilities of a business that are owed to creditors and suppliers, typically for purchases made on credit.
Operating Expenses
The costs associated with running a business day-to-day, excluding the cost of goods sold. This includes expenses such as rent, utilities, and payroll.
Merchandise Creditors
Suppliers or vendors to whom a company owes money for inventory purchased on credit.
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