Dictionary of Accounting Terms: accounts payable
accounts payable
obligations to pay for goods or services that have been acquired on open account from suppliers. Accounts payable is a current liability in the balance sheet.
Dictionary of Business Terms: accounts payable
accounts payable
list of debts currently owed by a person or business. These are debts incurred mainly for the purchase of services, inventory, and supplies. The accounts normally do not include accrued salaries payable, accrued interest payable, or rent payable. This list is kept in the ordinary course of the debtor's business.
Dictionary of Finance and Investment Terms: accounts payable
accounts payable
amounts owing on open account to creditors for goods and services. Analysts look at the relationship of accounts payable to purchases for indications of sound day-to-day financial management.
