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Definition of Account payable
1. Noun. A liability account showing how much is owed for goods and services purchased on credit. "The problem was to match receivables and payables in the same currency"
Definition of Account payable
1. Noun. (context: usually pluralonly) Singular form of accounts payable ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Account Payable
Literary usage of Account payable
Below you will find example usage of this term as found in modern and/or classical literature:
1. Transfer Pricing Guidelines for Multinational Enterprises and Tax ...by OECD Staff, Organisation for Economic Co-operation, OECD, Development by OECD Staff, Organisation for Economic Co-operation, OECD, Development (2001)
"On the other hand, where an account payable is set up, both the taxpayer recording
the account payable and the tax administration of that country will need ..."
2. Accounting Theory and Practice by Roy Bernard Kester (1917)
"The schedule above shows under ( I) and (b) a debit to Merchandise and a credit
to the personal account payable, indicated by the name of the creditor. 3. ..."
3. Modern Business Arithmetic, Complete Course by Harry Anson Finney, Joseph Clifton Brown (1922)
"If a person's account is larger on the credit side, it shows a balance owed to
that person; it is therefore an account payable, and the balance is a ..."
4. Bookkeeping for Modern Business by John George Kirk, James Layman Street (1920)
"... the account is known as a liability account or an account payable. Accounts
Payable.—Mr. Smith's account is called an account payable, ..."
5. Bookkeeping and Accountancy: Presenting the Art of Bookkeeping in Accordance by Harry Marc Rowe (1910)
"As it stands, is it an account receivable or an account payable? ... How does
the account differ from an ordinary account receivable or account payable? ..."
6. 20th Century Bookkeeping and Accounting: A Treatise on the Principles of by James Williams Baker (1922)
"The Balance of an account payable shows the amount the business owes the creditor
... Ruling an account payable. The account with a creditor is ruled in the ..."
7. Mine Accounting and Cost Principles by Thomas Orrin McGrath (1921)
"Instead of debiting an Accrued Disbursement Account and crediting an Accrued
account payable at the end of each accounting period, in order to show an ..."
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