Accounts Payable Specialist Interview Questions and Answers for Freshers

Accounts payable is a financial process that involves tracking and managing a company's outstanding invoices and payments.

• Accounts payable refers to the money a company owes to its vendors or suppliers for goods or services received.

• It involves recording and tracking invoices, making payments, and maintaining accurate financial records.

• Accounts payable is a liability on the company's balance sheet.

• Example: When a company receives an invoice from a supplier, it is recorded as ...read more

Accounts payable refers to the amount of money a company owes to its suppliers or vendors for goods or services received.

• Accounts payable is a liability on the balance sheet.

• It represents the company's short-term obligations to pay for goods or services.

• It includes invoices, bills, and other payment obligations.

• Accounts payable is typically recorded when goods or services are received, but payment has not yet been made.

• Examples of accounts payable include utility bills, inven...read more