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The debt created by a business when it makes a purchase on account is referred to as an account payable account receivable asset expense payable
The debt created by a business when it makes a purchase on account is referred to as an
account payable
account receivable
asset
expense payable
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
