Accounts Payable - How To Discuss

Accounts Payable

When a company buys goods on credit that have to be repaid within a short of time, it is called a liability. It is treated as a liability and refers to current liabilities. Creditors are short-term debts that must be paid to avoid default.

Literal Meanings of Accounts Payable

Accounts:

Meanings of Accounts:

1. Monetary transaction record A written or printed record of business transactions or debts and credits and other matters to be recorded or monitored.

2. An event records transaction history, relationship or history, report, description.

Payable:

Meanings of Payable:

1. (plural) Commercial debt.

2. (sometimes post-positive) Something you can pay for.

3. From the mine, etc. - the opportunity to make a profitable profit.

Sentences of Payable

1. Is VAT charged on construction law?.