what do you mean by Accounts payable
- 21 Answers
- 29699 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 |
What is a dead A/c?
Hi all I got one cheq from Airtel an amount of 20,000/- Tds is 1000/- what is JV and Dep entry in tally
Can you provide provision for contigent liablites?
Short Answer on _________Industry
How many accounting standards in india
How & When We Calculate Deffered Tax... Please Give me Some Example.?
Expand---------NAR
What is the proces of transfer of goods from one branc at Mumbai to the other jBranch at Ajhmedabad? Clearly state the provisions of the relevant Act?
i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..
What is the difference btwn "Sales" and "Turnvoer".
What is the Finalization of Accounts?
what is meant by virus
Audit 
