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Accounts payable

• Money owed by a company and payable within one year. It is listed on the Balance Sheet under Current Liabilities.

• Short term liabilities which reflect the amount owed vendors and suppliers

• Money owed to suppliers.

 
 Embedded terms in definition
 Balance sheet
Current liabilities
Liabilities
Listed
Short
 
 Related Terms
 Accounts payable management
Accounts receivable
Accounts receivable turnover
Aging of accounts receivable
Average age of accounts receivable
Chart of accounts
Factoring accounts receivable
Ira/keogh accounts
Now accounts
Passbook savings accounts
Payable date
Payable through draft
Pledge of accounts receivable
Stretching accounts payable
Wrap or wrap accounts

<< Accounting standards board Accounts payable management >>

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Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)

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