account payable

Definition of "account payable"
  1. Money owed to a seller or supplier for goods or services purchased on credit
How to use "account payable" in a sentence
  1. The company had to delay payment of its account payable due to cash flow issues.
  2. Regular audits help businesses track their accounts payable and ensure no discrepancy.
  3. Maintaining a detailed records of all accounts payable is essential for financial transparency.

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