Capgemini Accounts Payable Interview Questions and Answers

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts payable represents a company's short-term debts to suppliers or vendors.

• It is recorded as a liability on the balance sheet.

• Accounts payable is typically paid within a certain period, often 30, 60, or 90 days.

• Examples include invoices from suppliers for inventory purchases or services ren

Accounts payable is the amount a company owes to its suppliers for goods and services purchased on credit. Cost accounts are used to track the costs associated with producing goods or services.

• Accounts payable is a liability on the balance sheet representing the amount a company owes to its suppliers.

• Cost accounts are used to track the costs incurred in producing goods or services, including direct materials, labor, an...read more