Trade Payables are recorded in ………………

Asset side of balance sheet

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Liability side of balance sheet

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Profit & Loss account

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None of the above

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Solution

The correct option is B
Liability side of balance sheet

Trade Payables are recorded in liability side of balance sheet.

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Similar questions

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5. An amount of net profit is added to the capital.
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7. Balance Sheet is a statement and not an account.
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Trade Payables are recorded in ………………

The correct option is B Liability side of balance sheet Trade Payables are recorded in liability side of balance sheet.

The correct option is B
Liability side of balance sheet

Trade Payables are recorded in liability side of balance sheet.