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What is the difference between accounts payable and accrued expenses payable?

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Question added by Yazan Ahmad , programmer , wysada
Date Posted: 2016/12/28
manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

Accounts payable is the total amount of debt the company has to pay to its creditors for goods or services bought on credit. On the other hand, accrued expenses is the total liability that is payable for goods and services that have been received but not been billed

Muhammad Jalil Inayatullah
by Muhammad Jalil Inayatullah , Senior Accounts Officer , Raptor Global Logistics (Pvt) Ltd

Thanks for invitation.

 

I agree with Manseer's answer

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
by Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

 fully accepted with  Mr. manseer answer

Nazmul Islam CMA
by Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

Accrued expenses payable is created for regular periodic expenses ( if not paid in cash). On the other hand accounts payable is created when stock/inventory item is purchased from a supplier.

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