Payables
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Payables
Related: Accounts payable
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Accounts Payable
1. Money owed for a good or service purchased on credit. Accounts payable are a current liability for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days.
2. A unit within a company's accounting department that deals with accounts payable, managing credit lines, purchase orders, and audit reports.
2. A unit within a company's accounting department that deals with accounts payable, managing credit lines, purchase orders, and audit reports.
Payable
1. An outstanding debt. A debt that one must pay to a creditor.
2. A current liability. Any debt that a company must pay within a year.
3. Accounts payable. Money owed for a good or service purchased on credit. Accounts payable are a current liability for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days.
2. A current liability. Any debt that a company must pay within a year.
3. Accounts payable. Money owed for a good or service purchased on credit. Accounts payable are a current liability for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved