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Accounts payable

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Definition of the noun accounts payable

What does accounts payable mean as a name of something?

noun

  1. a debtor's accounts of money he owes; normally arise from the purchase of products or services
    • lexical domain: Possessions - nouns denoting possession and transfer of possession
    • more generic word: liabilities = anything that is owed to someone else

Alternative definition of the noun accounts payable

noun

  1. [legal]: money that is owed by a party, and is counted by that party as a debit, even though it has not yet been paid.

Explanation

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

  • also known as 應付賬款

Printed dictionaries and other books with definitions for Accounts payable

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Google previewThe Entrepreneur's Dictionary of Business and Financial Terms (2013)

by Khwaja Masoom

Accounts Payable: Money owed to sup- pliers. This current liability account will show the amount a company owes ...

Google previewDICTIONARY OF BUSINESS AND ECONOMIC TERMS, 5th ed. (2007)

ACCOUNTS PAYABLE list of debts currently owed by a person or business. These are debts incurred mainly for the purchase of services, inventory, and supplies. The accounts normally do not include accrued salaries payable, accrued ...

Google previewDictionary of Finance, Investment and Banking (2016)

by E. Banks

Accounts Payable Turnover 7 ACCOUNTING PERIOD A discrete time period for which an ACCOUNTING ENTITY records and prepares its financial records and FINANCIAL STATEMENTS. Internal accounts may have an accounting period of ...

Google previewEncyclopedic Dictionary of International Finance and Banking (2016)

by Jae K. Shim, Michael Constas

Accounts payable 2,380 Short-term debt 1,360 ...

Google previewEncyclopedia of American Business (2009)

by W. Davis Folsom, Rick Boulware

accounts payable, trade credit The other current board members include Daniel Galzer, former general counsel at the SEC; Kayla Gillat, former attorney at Calpers, a large California pension fund; Willis Gradison, former member of Congress ...

Google previewDictionary of Commerce and Management (2004)

by K.C.S. Ranganayakulu

accounts payable. Debts that are owed to ...

Google previewThe American Business Encyclopedia and Legal Adviser (1913)

Debt may be secured or unsecured, and may consist of bonds of various kinds, mortgages, bills payable, accounts payable, and all indebtedness accruing though not due, such as accruing taxes, accruing interest, accruing insurance, etc .

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Accounts Payable

Accounts Payable Desk

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Accounts payable Meaning

Video shows what accounts payable means. Money that is owed by a party, and is counted by that party as a debit, even though it has not yet been paid.

See also the pronunciation examples of Accounts payable!

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