What is the meaning of Accounts Payable?

Question

Accepted Answer

Accounts Payable refers to the money a company owes to its suppliers for goods and services received but not yet paid for.

Accounts Payable is a liability on the balance sheet.
It represents short-term debts owed to creditors.
For example, if a company purchases inventory on credit, the amount owed is recorded in Accounts Payable.
Timely payment of Accounts Payable can help maintain good supplier relationships.
Companies often manage Accounts Payable to optimize cash flow.

Accepted Answer

Accounts payable is the amount of money a company owes to its suppliers or vendor for goods or services purchase on credit.Accounts payable represents the amount that a company owes to its creditors and suppliers.

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

Accepted Answer

The money company owes its vendor.

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What is the meaning of Accounts Payable?

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