accounts payable
DefinitionMoney 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.
This content can be found on the following page:
accounts payable is ...
... part of the Accounting, Lending & Credit and Investor Relations subjects.
... part of the Accounting, Lending & Credit and Investor Relations subjects.
... #72 on our list of the most popular terms.
Related Terms
operating cash flows, cash flows from operating activities, average payment period, accounts payable turnover, life insurance in force, negative working capital
accounts payable appears in the definitions of these other terms on BusinessDictionary.com
Loading...
| |
Get our content on your iGoogle page
RSS