accounts payable

accounts payable
is money you owe to suppliers and other business creditors as a result of purchases of stock and other expenses such as overheads and taxes. Glossary of Business Terms
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A category of liabilities that represents funds due to creditors. Usually, accounts payable is due to trade creditors who have supplied goods or services without requiring immediate payment. Accounts payable is sometimes simply called payables. Accounts payable to trade creditors are sometimes called accounts payable trade, due to trade, or trade payables. American Banker Glossary
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money owed to suppliers. Bloomberg Financial Dictionary

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accounts payable UK US noun
► [plural] also UK creditors, also US payables) ACCOUNTING the amounts in a company's accounts that show money that it owes, for example to suppliers (= companies that have sold them things): »

Accounts payable were $676 million lower as of the middle of this year compared to a year ago.

→ See also BUSINESS DEBT(Cf. ↑business debt)
► [U] WORKPLACE the department in a company responsible for paying money that it owes, for example to suppliers (= companies that have sold them things): »

He was promoted to a better-paying job in accounts payable after taking computer classes.

 »

an accounts payable manager/clerk

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the accounts payable department


Financial and business terms. 2012.

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