NOUN
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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
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.