Accounts Payable

Accounts payable is simply the total amount of money a company owes to its creditors. It is shown in the financial statement under the particular head.

It is a current liability showing the amounts due to others within a period of one year when such liability resulted from the purchase or manufacturing of inventory.

Nearby pages
Accounts Receivable, Accoutrement, Accra, Accreditation, Accreting, Accretion