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27 October, 01:22

The liabilities division should contain what accounts? A. 21 Accounts Payable-Bellhaven Bank 22 P. Woodsley-Capital B. 21 Accounts Payable-Bellhaven Bank 22 Accounts Payable-Taylor Investments C. 21 22 D. 21 Accounts Payable-Bellhaven Bank 22 Merchant's Bank

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  1. 27 October, 01:28
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    Liabilities are defined as company's debt or obligation. Normally, these are the bills that are due to the creditors and suppliers. So the answer is letter B. 21 Accounts Payable-Bellhaven Bank 22 Accounts Payable-Taylor Investments. Since both of the account titles are accounts payable which are normally found in the liabilities section. Accounts payable arises when a company purchases goods or services on account.
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