Tuesday 29 November 2011

Accounts Payable as a Balance Sheet Liability and Its Benefits

Accounts Payable
Payable are also sometimes known as Accounts Payable and represents money that is owed by a company to its suppliers. In simple words, it the management of business bills those are unpaid.

How accounts payable are recorded on the Balance Sheet.
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10 comments:

  1. Unknown7 February 2013 at 05:18

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  2. Unknown7 May 2013 at 05:22

    Current liabilities are ones the company expects to settle within 12 months of the date on the balance sheet. Settlement comes either from the use of current assets such as cash on hand or from the current sale of inventory. Settlement can also come from swapping out one current liability for another.

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  7. Anonymous14 August 2019 at 09:47

    Accounts payable affect your balance sheet by offsetting your assets to determine your total net worth.

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