what do you mean by Accounts payable
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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 |
Answer / ganapathy
The amount that a company owes for goods or services
obtained on credit
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / sreekanth
Accounts payable is nothing but bills payable.
| Is This Answer Correct ? | 24 Yes | 7 No |
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 |
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 |
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 |
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 |
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 |
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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