The accounts payable is generally classified as a current liability.
A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales.
A balance sheet's current liabilities column lists the debts that must be repaid by a corporation within a year. Contrary to current assets, which are frequently utilized to pay for them, these debts are not liquid.
Current liabilities are a business's short-term debts that are due in a year or during a typical operational cycle (e.g. accounts payable). Obligations that are reported on the balance sheet as long-term (non-current) liabilities have a maturity date of more than one year.
Hence, Option (d). accounts payable is generally classified as a current liability.
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