Answer:
D. liabilities.
Explanation:
Payables are payments the business is expecting to make to its suppliers. They represent the goods and services that the company has received but has not paid. Payables are there amounts a business owes to other parties. They are debts are hence should be recorded as liabilities.
Liabilities are the financial obligations a business owe to third parties. They are debts incurred in the normal course of business operations. Liabilities are grouped as either current or long-term. Current liabilities are due within the current financial year, while long-term are payable in future financial periods.
