Business accounts payable
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The largest part of business accounts payable is normally:
a. obligations of our firm that were obtained by purchasing inventory on credit.
b. obligations of a firm that were accumulated and are owed to governmental agencies.
c. the monthly payroll owed to employees.
d. the monthly obligations that were contracted for like mortgage payments, insurance, and utilities.
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The solution explains the correct alternative from the given options on the largest part of business accounts payable.
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a. obligations of our firm that were obtained by purchasing ...
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