Are accounts payable a current liability?

Question

394 viewsDecember 3, 2012Accounting

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Ellerbee December 2, 2012 0 Comments

First of all, what is included in the accounts payable balance? Is it a current or a non current liability and why?

score 0 · Answer 1 · 2012-12-02T16:39:26+00:00

Most of the times, accounts payable is due within one year so it is a current liability.