Which report would you use to view unpaid vendors?

Which report would you use to view unpaid vendors?

• A. Accounts Receivable Aging Report
• B. Accounts Payable Aging Report
• C. Profit and Loss Report
• D. Balance Sheet Report

Answer: (B)

The Accounts Payable Aging Report is the correct choice for viewing unpaid vendors because it specifically tracks amounts owed to suppliers and creditors. This report provides detailed information about outstanding invoices, categorized by how long they have been overdue. It allows businesses to identify which vendors have unpaid invoices and how long they have been pending, facilitating better management of cash flow and payment schedules. In contrast, the Accounts Receivable Aging Report focuses on unpaid customer invoices, while the Profit and Loss Report summarizes revenues and expenses, showing overall profitability. The Balance Sheet Report provides a snapshot of a company’s financial position at a specific point in time, including assets, liabilities, and equity, but does not specifically detail unpaid vendor invoices. Hence, the Accounts Payable Aging Report is the most relevant for tracking unpaid vendors.

The Accounts Payable Aging Report is the correct choice for viewing unpaid vendors because it specifically tracks amounts owed to suppliers and creditors. This report provides detailed information about outstanding invoices, categorized by how long they have been overdue. It allows businesses to identify which vendors have unpaid invoices and how long they have been pending, facilitating better management of cash flow and payment schedules.

In contrast, the Accounts Receivable Aging Report focuses on unpaid customer invoices, while the Profit and Loss Report summarizes revenues and expenses, showing overall profitability. The Balance Sheet Report provides a snapshot of a company’s financial position at a specific point in time, including assets, liabilities, and equity, but does not specifically detail unpaid vendor invoices. Hence, the Accounts Payable Aging Report is the most relevant for tracking unpaid vendors.