what is accounts payable

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Accepted Answer

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 rendered.

Accepted Answer

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 ve...read more

Accepted Answer

"Accounts payable " refers to an accounts within the general ledger that respresents a company's  obligation to pay  off  a short term  debit to its creditors  or suppliers

Accepted Answer

Accounts payable represents the amount that a company owes to its creditors and suppliers

what is accounts payable

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