Question: How does an account payable arise with a vendor? Multiple Choice When our customers purchase amounts from us , they promise to pay us in
How does an account payable arise with a vendor?
Multiple Choice
When our customers purchase amounts from us they promise to pay us in the future.
When our business purchases on credit, it promises to pay that amount in the future.
When our business makes a cash purchase, it promises to pay the same amount again for future purchases.
When we return purchases to our vendor, they promise to pay us for the amounts returned.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
