Q228
________ keeps tracks of data concerning purchase from and payments to suppliers.
A.
Inventory control
B.
Accounts payable
AnswerC.
Payroll
D.
Accounts receivable
Answer: Option B
Solution
Answer: Option B
Solution:
Accounts payable keeps tracks of data concerning purchase from and payments to suppliers. Accounts Payable is a liability due to a particular creditor when it order goods or services without paying in cash up front, which means that you bought goods on credit.