account payable


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account payable

n
(Accounting & Book-keeping) accounting US a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit

account′ pay′able



n., pl. accounts payable.
a liability to a creditor, usu. for purchases of goods and services.
[1935–40]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.account payable - a liability account showing how much is owed for goods and services purchased on creditaccount payable - 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"
financial obligation, indebtedness, liability - an obligation to pay money to another party
Translations

account payable

n (Am) → conto passivo
References in periodicals archive ?
TELECOMWORLDWIRE-23 April 2008-Open Text leads in account payable solutions for SAP and Oracle, PayStream reports(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
For example, accounting systems in many (if not most) companies do not currently distinguish between payments for services and other payments; all that is recorded is the aggregate account payable. Under SINC, payers would be required to change their systems to differentiate between the two types of payments.