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The correct answer is - an A/P liability.

Accounts payable are liabilities (obligations) created by buying goods or services on account.

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Q: To purchase goods and services on account is to create what?
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Related questions

To purchase goods or services on account is to create?

asset


Something which may be used to create goods or services?

something which may be used to create goods or services


Why do businesses might want to create demand?

Its Simple! When Businesses Will Create Demand, Consumers Will purchase their Goods Or Services; In Result, Their Will Increase Their Sales & Profit.


Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the .?

product market


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product market


Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the?

It's Product Market.


What satisfaction do consumers get from the goods and services they purchase?

Utility.


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What is the Nature of purchase account?

Purchase Account is a Real Account,because it fulfills condition of real account as Debit what comes In and in case of purchase goods come in that's why it's debited..


What Labor operates capital to create?

goods and services.


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The definition of capital goods are the goods that are used for production purposes. They create goods and services that can be used by consumers.


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