UK Accounting Glossary
Amounts due for payment to suppliers of goods or services, also described as trade creditors.
Accounts payable is money owed by a business to its suppliers shown as a liability on a company’s balance sheet.
Long term accounts payable shall be accounted at actual amounts.
All the accounts payable balances were aged within 90 days.
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This glossary post was last updated: 18th December 2018.