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(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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
n., pl. accounts payable.
a liability to a creditor, usu. for purchases of goods and services.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||account 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"|
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