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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 previewEncyclopedia of Finance (2006)

by Cheng-Few Lee

Calculating the Cash Flow Cycle The cash flow cycle is defined as the average age of inventory plus the average accounts receivable less the average age of accounts payable. Or as the cash cycle chart indicates, the cash flow cycle is the ...

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

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 previewEncyclopedic Dictionary of International Finance and Banking (2001)

by Jae K. Shim, Michael Constas

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

Google previewDictionary of Accounting (1985)

by Ralph W. Estes

Accounts Payable is a current liability with a normal credit balance. The most common journal entries affecting the account occur when material is purchased: Purchases (or Materials Inventory) xxx Accounts Payable xxx and when accounts ...

Google previewEncyclopedia of Microcomputers (1993)

Volume 13 - Optical Disks to Production Scheduling by Allen Kent, James G. Williams

Accounts Receivable, Accounts Payable. Inventory, and Payroll. Peachtree Accounting for Macintosh accounting software is targeted to small businesses and provides four seamlessly integrated accounting modules: General Ledger, Accounts ...

Google previewDictionary of Business and Economics (1986)

by Christine Ammer, Dean S. Ammer

accounts payable The amount owed by a business to its suppliers and other regular trading partners, who generally give customers anywhere from 10 to 90 days to pay for merchandise already shipped. Normally the ...

Google previewDictionary of Commerce and Management (2004)

by K.C.S. Ranganayakulu

accounts payable. Debts that are owed to ...

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 previewHarriman's Financial Dictionary (2007)

Over 2,600 Essential Financial Terms by Simon Briscoe, Jane Fuller

Access | accounts payable Categories: Commercial Banking See also: bill of exchange, merchant bank 3. Access. A former credit card system that was sold to Mastercard and ...

Google previewA Dictionary of Business and Management (2016)

by Jonathan Law

accounts payable Accounting Standards Board (ASB) Formerly, the recognized body for setting accounting standards in the UK. It was established in 1990 to replace the Accounting Standards Committee (ASC). As well as issuing * Financial ...

Google previewDictionary on Legal Terms

Accounts Payable n. Bills that are owed. Antonym.' Accounts Receivable. Accounts Receivable n. The amounts of money due or owed to a business or professional by customers or clients. Application.' Generally, accounts receivable refers to ...

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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.

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