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Current liabilities involving money owed to others but not yet paid is referred to as accounts .

Question

Current liabilities involving money owed to others but not yet paid is referred to as accounts .
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Solution 1

The current liabilities involving money owed to others but not yet paid is referred to as "Accounts Payable".

Here are the steps to understand this:

  1. Current Liabilities: These are debts or obligations that are due within the upcoming year or within one business cycle of a company. They are lis Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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