Difference between revisions of "Account payable"
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| − | [[ | + | [[Account payable]] (alternatively known as [[byby]]; hereinafter, the ''byby'') is an mount owed to creditors that result from the purchase of goods or services on account -- a [[liability]]. |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Accounts payable]]. | + | :[[Accounts payable]]. Amounts owed to [[creditor]]s that result from the purchase of goods or services on [[financial account|account]] -- a [[liability]]. |
==Related concepts== | ==Related concepts== | ||
Revision as of 13:47, 17 December 2018
Account payable (alternatively known as byby; hereinafter, the byby) is an mount owed to creditors that result from the purchase of goods or services on account -- a liability.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Accounts payable. Amounts owed to creditors that result from the purchase of goods or services on account -- a liability.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
