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Account Payable |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia | 0.01 sec. |
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A debt owed by a business that arises in the normal course of its dealings, that has not been replaced by a note from another debtor, and that is not necessarily due or past due. Bills for materials received or obligations on an open account may be accounts payable. This kind of liability usually arises from a purchase of merchandise, materials, or supplies. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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Madsen remitted checks from FB's account payable to KCL, to
purchase insurance products. So Harry the publicist, a man with whom I play pool, softball and
an occasional hand of poker, announced he had the solution to that
ongoing account payable we call the Simpson case. Once Levine, Cooper accountants have the general ledger data on
their computers, they use another Prentice Hall product, Answers, to
perform more analytical functions such as calculating more than 100
standard ratios: the dollar amount of account payable versus turnover,
overhead costs to labor, cost to sales and additional ratios can be
added that are specific to certain industries. |
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