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what is account
payable
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Answer / renu jain
Account Payable means Creditors.. persons whom we have to
pay amount.. and we are liable for the pay...
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / h.r. sreepada bhagi
Any amount payable to any party (Persons, Firms or
Companies) on any date towards any purchases (assets or
goods) or services received (like telephone bill,
electricity bill)constitute Accounts Payable on that date.
In other words Accounts payable means Sundry Creditors.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / monu aggarwal b.com accountant
Account payable's mean is that we will have to pay money to
related party which is mention in our laibility group N
creditors.
If a ledger show demanding balance,then it will call a
payable account.
| Is This Answer Correct ? | 2 Yes | 1 No |
Account payable is , we have the any creditor vendor which
we have the collect the money from him, that is credit
balance in our ledger
| Is This Answer Correct ? | 1 Yes | 7 No |
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