WAEC Accounting 2017 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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14. Accounts payable is classified as a
- A. A. repayment
- B. B. provision
- C. C. current liabilityCorrect
- D. D. long-term liability
Explanation
Account payable is due yet to be paid. Thus, it is current liability on the company.
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