accounts payable
English
Noun
accounts payable pl (plural only)
- The total amount of money that is owed by a customer to its suppliers of goods and services and is counted by the customer as a current unpaid debt.
- 1972, Harry Simons, Intermediate Accounting; Comprehensive Volume, page 254:
- When such a practice is to be followed, two methods may be employed: (1) accounts payable may be reported net or (2) accounts payable may be reported at the gross invoice price with a payable offset balance or liability valuation account reporting the purchases discounts available.
- 1994, S. B. Costales, Geza Szurovy, The Guide to Understanding Financial Statements, page 61:
- Cost of goods sold are divided by the accounts payable to get the payables turn ratio.
- 1996, Steven Laurence Kaplan, The Bakers of Paris and the Bread Question, 1700-1775, page 363:
- Masters, with accounts payable averaging 2,296 livres (median = 1,008) were far more heavily indebted than the faubourg bakers (712 and 320 livres)
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Translations
total monetary amount owed by a customer to suppliers of its goods and services
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Noun
accounts payable
- (accounting, law) plural of account payable
See also
- accounts receivable
References
- accounts payable at OneLook Dictionary Search
accounts payable on Wikipedia.Wikipedia