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what do you mean by Accounts payable

Answers were Sorted based on User's Feedback



what do you mean by Accounts payable..

Answer / nimish bhatia

accounts payable includes all those debts that r payabble
by u to any third party which fall under the category of
current liabilities i.e. payable in less than 1 year's
time..

Is This Answer Correct ?    44 Yes 3 No

what do you mean by Accounts payable..

Answer / ganapathy

The amount that a company owes for goods or services
obtained on credit

Is This Answer Correct ?    21 Yes 0 No

what do you mean by Accounts payable..

Answer / sreekanth

Accounts payable is nothing but bills payable.

Is This Answer Correct ?    24 Yes 7 No

what do you mean by Accounts payable..

Answer / nagaraj goud

An accounting entry that represents an entity's obligation
to pay off a short-term debt to its creditors. The accounts
payable entry is found on a balance sheet under the heading
current liabilities.

Accounts payable are often referred to as "payables".

Another common usage of AP refers to a business department
or division that is responsible for making payments owed by
the company to suppliers and other creditors

Accounts payable are debts that must be paid off within a
given period of time in order to avoid default. For
example, at the corporate level, AP refers to short-term
debt payments to suppliers and banks.

Is This Answer Correct ?    18 Yes 3 No

what do you mean by Accounts payable..

Answer / sameena

Accounts payable is the outstanding liability that has to
be paid to the outsiders.Its a short term liability to be
paid within a period of 1 yr(12 months).It is also a
current Liability .

Is This Answer Correct ?    17 Yes 3 No

what do you mean by Accounts payable..

Answer / dhulipalla aravind

a liability a/c showing how much is owed for goods and
serives purchased on credit

Is This Answer Correct ?    21 Yes 8 No

what do you mean by Accounts payable..

Answer / m laxman

Accounts payable is a liability this amount owed by
organisation from outsiders for goods are purchased on
credit.

Is This Answer Correct ?    14 Yes 2 No

what do you mean by Accounts payable..

Answer / ganesh lakshmi

It means some amount payable to sundry creditors for the
goods purchased on credit. It is a current liablity.

Is This Answer Correct ?    13 Yes 3 No

what do you mean by Accounts payable..

Answer / santhosh bosco

Money which a company owes to vendors for products and
services purchased on credits.

Is This Answer Correct ?    11 Yes 3 No

what do you mean by Accounts payable..

Answer / natesan t

Its a current liabilities have pay with in short period of
time for the goods and services render by the vendor.

Is This Answer Correct ?    9 Yes 1 No

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