Purchases made which will be paid later are called?
submitted by edna
Delia
Accounts payable.
Dorkon
Credit purchases.
Dave
Liability expense.
Abubakar yusuf nadabo
Are called accrued expenses
Rai
These are called "Credit Purchases" . It is liability on business concern and will be written as "Account Payable"
Example:
Purchase goods on credit worth 5.000.
Purchases 5,000
Account Payable 5,000.
tina
purchases payable
Linda
Purchases payable
Viola Solo
A/P
Add your Answer.