accounts payable
Money which a company owes to vendors for products and services purchased on credit. This item appears on the company's balance sheet as a current liability, since the expectation is that the liability will be fulfilled in less than a year. When accounts payable are paid off, it represents a negative cash flow for the company.
Related Terms
Related Terms on BusinessDictionary
cost of sales to payables ratio
payables to operating expenses ratio
payment days
aging schedule
cash control
cash flows from operating activities
indirect method cash flow statement
control account
days accounts payable (Days A/P)
days accounts receivable (Days A/R)
days sales in payables
debt to worth ratio
monetary item
operating liabilities
other liabilities
payables to inventory ratio
unliquidated obligation
payables to operating expenses ratio
payment days
aging schedule
cash control
cash flows from operating activities
indirect method cash flow statement
control account
days accounts payable (Days A/P)
days accounts receivable (Days A/R)
days sales in payables
debt to worth ratio
monetary item
operating liabilities
other liabilities
payables to inventory ratio
unliquidated obligation
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