Which of the Following Is NOT Characteristic of Accounts Payable

question 155

Multiple Choice

Which of the following is NOT characteristic of accounts payable?

• A) Accounts payable are really just the flip side of accounts receivable.
• B) Accounts payable arise when a business purchases goods or services on credit.
• C) Accounts payable arise when a business promises to purchase goods or services.
• D) Accounts payable seldom require the payment of interest.