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What is an accounts payable?

Managed Accounts Processors Separately Managed Accounts Accounting
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Question added by Geramine Solis , Clerk Processor , NATIONAL IRRIGATION ADMINISTRATION
Date Posted: 2015/09/18
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IMRAN ALI MOHAMMED
by IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

Accounts Payable is a form of debt. An account that consists of money that a person or company owes to suppliers, but has not yet paid.

Tinashe Murinda
by Tinashe Murinda , Reporting Accountant , Absa Insurance Co

Accounts payable is a control account that highlights or indicates money that the company owes to its suppliers or vendors.

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