what do you mean by Accounts payable
- 21 Answers
- 29608 Views
- Accenture, ICICI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
Expand-------RGD
What is Balance sheet? How to know the financial position of the company in balance shhet?
fill in the Blanks Share Holders in Company have _____________Liability
why you would like to work for the our(AIRLINE) Group ???
Where we transfer loss in Balance Sheet?
What is MIS report and which accounting heads to be coverd for manufacturing & Trading company
What is maximum limit of cash payment per day by a company?
Expand ------SFO
How do you plan to achieve these goals
0 Answers Agilent, GSK, GSK GlaxoSmithKline,
what are the importance accounting entries for AP and AR process in interview..
what are variable costs?
Expand--------ADCB
Audit 
