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meaning of accounts payable
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Answer / ashok motiani
Accounts payable means amount which is payable by the
company against various accounting heads like sundry
creditors, Wages & Salaries, etc
| Is This Answer Correct ? | 97 Yes | 18 No |
Answer / siddiq
Accounts payable means like payable by the company for
credit purchase from the suplier.
| Is This Answer Correct ? | 44 Yes | 4 No |
Answer / suresh kumar
money which a company owes to vendor for product and
service purchased on credit. these item appears on the
companys balance sheet as a current liablity .
| Is This Answer Correct ? | 46 Yes | 7 No |
Answer / sonia gupta
Accounts payable is a file or account that contains money
that a person or company owes to suppliers, but has not
paid yet (a form of debt). When you receive an invoice you
add it to the file, and then you remove it when you pay.
Thus, the A/P is a form of credit that suppliers offer to
their purchasers by allowing them to pay for a product or
service after it has already been received.
| Is This Answer Correct ? | 22 Yes | 7 No |
aCCOUNT pAYABLE mEANS tHE cOMPANY PAID THE VARIOUS TYPES OF
THE ACCOUNT OR EXPENSES
| Is This Answer Correct ? | 21 Yes | 8 No |
Answer / rakesh
When you receive an invoice you
add it to the file, and then you remove it when you pay.
Thus, the A/P is a form of credit that suppliers offer to
their purchasers by allowing them to pay for a product or
service after it has already been received.
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / p.shyam
accounts payble meens all payments by the company of any
kind of payment thats called accounts payment like
salaries, rent, depriciation and etc.........
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / vivek kumar jain
Accounts payable is Nothing But its liblities which has to
be paid by company for the Good that they have purchased
and Service that they have rendereded from the vendor.
Accounts payable firm is resposiable for
Purchase,Services ,and good.
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / yathursy
accounts payable , which a company owes to vendor for a
product and services purchased on credit.This item appears
on the company's balance-sheet as a current liability.
| Is This Answer Correct ? | 8 Yes | 3 No |
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