accounts payable
account which shows the current debts of a business | ||||
Search Dictionary:
ACCOUNT PAYABLE definition was found in categories: Language, Idioms & Slang(1) Encyclopedia(1)
ACCOUNT PAYABLE Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
account payable
Noun
1. a liability account showing how much is owed for goods and services purchased on credit
(hypernym) indebtedness, liability, financial obligation
Noun
1. a liability account showing how much is owed for goods and services purchased on credit
(hypernym) indebtedness, liability, financial obligation
ACCOUNT PAYABLE Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Accounts payable
Accounts payable is a file or account that contains money that a person or company owes to suppliers, but hasn't paid yet. When you receive an invoice you add it to the file, and then you remove it when you pay. Thus, the A/P is a form of credit that suppliers offer to their purchasers by allowing them to pay for a product or service after it has already been received.
| See more at Wikipedia.org... |