Definitions for accounts payable
ac·counts payable

Princeton's WordNetRate this definition:0.0 / 0 votes

1. accounts payablenoun

   a debtor's accounts of money he owes; normally arise from the purchase of products or services

WiktionaryRate this definition:0.0 / 0 votes

1. accounts payablenoun

   Money that is owed by a party, and is counted by that party as a debit, even though it has not yet been paid.

WikipediaRate this definition:0.0 / 0 votes

1. Accounts payable

   Accounts payable (AP) 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.

ChatGPTRate this definition:0.0 / 0 votes

1. accounts payable

   Accounts payable is a business accounting term referring to the company's obligations or debts to its suppliers, vendors, or creditors for goods or services that have been received but not yet paid for. These short-term liabilities are typically expected to be paid off within one year and are recorded on the company's balance sheet.

WikidataRate this definition:0.0 / 0 votes

1. Accounts payable

   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. An accounts payable is recorded in the Account Payable sub-ledger at the time an invoice is vouchered for payment. Vouchered, or vouched, means that an invoice is approved for payment and has been recorded in the General Ledger or AP subledger as an outstanding, or open, liability because it has not been paid. Payables are often categorized as Trade Payables, payables for the purchase of physical goods that are recorded in Inventory, and Expense Payables, payables for the purchase of goods or services that are expensed. Common examples of Expense Payables are advertising, travel, entertainment, office supplies and utilities. A/P is a form of credit that suppliers offer to their customers by allowing them to pay for a product or service after it has already been received. Suppliers offer various payment terms for an invoice. Payment terms may include the offer of a cash discount for paying an invoice within a defined number of days. For example, 2%,30 Net 31 terms mean that the payor will deduct 2% from the invoice if payment is made within 30 days. If the payment is made on Day 31 then the full amount is paid.

Matched Categories

1. • Liabilities

How to pronounce accounts payable?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say accounts payable in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of accounts payable in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of accounts payable in Pythagorean Numerology is: 5

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=accounts payable
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Accounts_Payable
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Accounts_Payable
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=accounts payable