An unpaid balance of money owed by your business, generally referring to amounts owed for inventory, supplies, and other such ongoing expenses.

• A. Accounts Payable
• B. Accounts Receivable
• C. Inventory
• D. Accruals

Answer: (A)

Unpaid balances owed to suppliers for items like inventory and ongoing expenses are a current liability on your books. This is accounts payable—a liability that arises when you buy on credit and owe money to vendors. It remains as a payable until you pay the invoice. This contrasts with accounts receivable, which are funds customers owe you (an asset). Inventory is something you own (an asset, not a payable). Accruals cover expenses recognized when incurred but not yet billed or paid, such as wages or taxes; they can exist without a specific supplier invoice, whereas an invoice you haven’t paid is a direct accounts payable. So the described unpaid balance fits accounts payable.