In accounting, what does the "ending balance" of Accounts Payable represent?
A) The total amount of cash available for payment of liabilities at the end of the accounting period.
B) The amount of inventory that is yet to be purchased at the end of the accounting period.
C) The total amount owed to suppliers and creditors that remains unpaid at the end of the accounting period.
D) The total revenue generated from sales before any deductions or returns.

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05-08-2024
Business

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In accounting, what does the "ending balance" of Accounts Payable represent?
A) The total amount of cash available for payment of liabilities at the end of the accounting period.
B) The amount of inventory that is yet to be purchased at the end of the accounting period.
C) The total amount owed to suppliers and creditors that remains unpaid at the end of the accounting period.
D) The total revenue generated from sales before any deductions or returns.

Sagot :

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