Accounts payable will appear on which of the following finan

Accounts payable will appear on which of the following financial statements?

a. Balance sheet

b. Statement of changes in stockholders’ equity

c. Statement of cash flows

d. Income statement

Solution

Accounts Payable being a current liability it appears in the balance sheet of Financial Statements.

Accounts Payable is Repayable within a period of One year from the end of finanncial period, so it will be classified as current liability in Balance Sheet.

Answer is Option a) Balance Sheet.