Meaning of accounts payable | Babel Free

Definitions

The total amount of money that is owed by a customer to its suppliers of goods and services and is counted by the customer as a current unpaid debt.

plural, plural-only

Equivalents

Examples

“When such a practice is to be followed, two methods may be employed: (1) accounts payable may be reported net or (2) accounts payable may be reported at the gross invoice price with a payable offset balance or liability valuation account reporting the purchases discounts available.”

“Cost⟳ of goods sold are divided by the accounts payable to get⟳ the payables turn⟳ ratio.”

“Masters, with accounts payable averaging 2,296 livres (median = 1,008) were far more heavily indebted than the faubourg bakers (712 and 320 livres)”

CEFR level