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Accounts Payable

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Sayed Arif
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Accounts Payable - December 9th, 2013

what is Accounts Payable ? discuss Accounts Payable in detail?
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Re: Accounts Payable - December 9th, 2013

Not always does a company make upfront payments for the material (raw material etc.) it buys, accounts payable is essentially the amount owed by an organization for the purchase of raw materials etc.
Accounts Payable can be found under the %u201CCurrent Liabilities%u201D heading of the Liabilities section of the balance sheet. It is also commonly referred to as %u201CPayables%u201D. The organizations which give credit are commonly referred to as %u201CSundry Creditors%u201D.
During the time of making an invoice, such payables are recorded under the ledger head of %u201CAccounts Payable%u201D
Commonly seen accounts payable are for advertising, travel, office supplies etc.
Accounts payable are not only for corporations, they can also be seen in common households. Examples of such payables in households include electricity/telephone bills etc.
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Re: Accounts Payable - April 20th, 2016

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Originally Posted by sayed123 View Post
what is Accounts Payable ? discuss Accounts Payable in detail?
Hi dear,

Here I am sharing Notes on Accounts Payable, so please download and check it.
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File Type: pdf Notes on Accounts Payable.pdf (5.23 MB, 0 views)
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