Meaning Of The Word Account payable

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Account payable Meaning

Account payable Definition
Account payable Definition

What's The Definition Of Account payable?

account payable in American English
the amount owed by a business to a creditor, usually for goods or services
noun: a liability to a creditor, carried on open account, usually for purchases of goods and services

account payable in British English
noun: a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit

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