Accounts payable arise from purchasing goods or services for use in a company’s operations. Amounts owed for goods or services purchased on account are accounts payable. Accounts payable are debts incurred in the normal course of a business, resulting from acquisition of inventories and supplies. In these kind of payables, there is no formal document stating the amount or the date of payment except the invoice that supplier issues1. Besides, the maturity of accounts payable is usually very close to issuance date, such as up to three months period. the correct answer is C.