Define: Accounts Payable

UK Accounting Glossary

Definition: Accounts Payable

Quick Summary

Amounts due for payment to suppliers of goods or services, also described as trade creditors.

What is the dictionary definition of Accounts Payable?

Dictionary Definition

Full Definition

Accounts payable is money owed to suppliers who have sent your business goods, or supplied it with services, who you haven’t yet paid. These are also known as trade creditors.

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