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.
Let's say ABC wants to order a new LCD which is being released by XYZ. ABC orders 500,000 pieces for its stores. XYZ receives the order, and within a week..Read More..
