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Is accounts payable an expense?

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Question added by Rahaf Masri , Account Sales Director , MT3 Digital
Date Posted: 2015/07/22
Deleted user
by Deleted user

Answer is no accounts payable is current liability .

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Of course not , it may emerge from an expense but is not direct expense like telephone bill amount is unpaid for the period , the bill amount will appear in expenses where as the bill amount to be paid to will appear as Accounts payable.

Muhammad Ali
by Muhammad Ali , Accounts Assistant , Canadian Energy Equipment Manufacturing FZE

account payable is a liability not  expense. 

Madan Reddy
by Madan Reddy , Chief Accountant , NTI (Babcock International Group Company)

AP is a current liability which is created through purchase of materials /services 

Mohammed Dael AL-Shameri
by Mohammed Dael AL-Shameri , مدير التطوير المالي والإداري , مؤسسة البيت المخفض للأجهزة المنزلية

Financially and accounting's concept, it is not an expense category, BUT in reality it is against main expense called a purchasing cost, to acquire goods or services that will be resold to get revenuse after adding direct expenses and profit margin.

When the category of expense means all necesary expendtures that we need to sell goods or services, and it called indirect expenses.

TG TENA
by TG TENA , Excutive Secretary , Ethiopian Construction Design & Supervision Works Corporation

What is accounting?

the difference between asset, liability and owner

the difference between bank reconciliation and bank statement

 

 

Kamruz Zaman
by Kamruz Zaman , Ex General Manager - Finance and Adminstration , Allure Sourcing Ltd

No . It is Liabilities . It is show in the Balance sheet . You have to pay the amount to my customer who supply goods or service .

moustafa ahmed
by moustafa ahmed , Tax Auditor , Egyptian Tax Authority

liability is not an expenses

Mohamed Rakha
by Mohamed Rakha , secretary , Elmasria Corporation

no it is not .. accounts payable is the amount of debt in which the company has to pay to its creditors , it is classify as a current liabilities .. it can be recognized an expense for the company as it's cost decreases when it pay to its customers 

SATPAL SINGH
by SATPAL SINGH , Key Partner , Firm of Chartered Accountants

Accounts payable is a current liability of the organization and not an expenses. 

Amair Mohammed
by Amair Mohammed , Inventory

Accounts payable is listed on a company's balance sheet.Accounts payable is a liability since it's money owed to creditors and is listed under current liabilities on the balance sheet.

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