Question: The debt created by a business when it borrows against credit from a vendor or supplier is called a ( n ) q , a

The debt created by a business when it borrows against credit from a vendor or supplier is called a(n)q,
a. account payable
b. account receivable
c. intangible asset
d. contingent liability
 The debt created by a business when it borrows against credit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!