account payable

  1. a liability account showing how much is owed for goods and services purchased on credit
    the problem was to match receivables and payables in the same currency
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How To Use account payable In A Sentence

  • Account Payable: A liability that results from a purchase of goods or services on open account.
  • Important clues are also certainly found on the liability side, with unusual increases in account payables or increased debt levels.
  • For another, the whole portfolio is more risky. 17% of the account payable belongs to low-income families with only 12% in 1989.
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