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.
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.
Long term accounts payable shall be accounted at actual amounts.
All the accounts payable balances were aged within 90 days.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Accounts Payable are sourced/syndicated from:
This glossary post was last updated: 18th December 2018.