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Which of the following are true about Accounts Payable? Select all answers that apply. Accounts Payable is an account of money that an organization or

Which of the following are true about Accounts Payable?

Select all answers that apply.

  1. Accounts Payable is an account of money that an organization or individual possesses.
  2. Accounts Payable includes unpaid bills for services and products that were purchased on credit.
  3. On a balance sheet, Accounts Payable is listed under Long-Term Assets.
  4. The term is sometimes referred to as AP or simply Payable.

I see two different answers for this question on the Chegg website:

One answer is B&D&E and the other answer is B&E. Please clarify which answer is correct? Thank you!

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