account payable
account payable noun: a balance due to a creditor on a current account.
Noun
account payable (plural accounts payable)
- A balance due to a creditor on a current account.
- Until that time, the amount is held as an account payable and added to the current liabilities of your business. When an outstanding expense is paid, the payment amount is subtracted from a cash account and removed from the accounts payable.2008, Barbara Findlay Schenck, John Davies, Selling Your Business For Dummies, page 99
- If a company, for example, purchases $500 in raw materials from its supplier on credit, the company incurs a $500 account payable.2013, Paul Pignataro, Financial Modeling and Valuation
- Synonyms:
- AP
Synonyms of account payable
Forms of account payable
| plural | accounts payable |
|---|
Questions about account payable
- What does account payable mean?
- Account payable means a balance due to a creditor on a current account.
- What part of speech is account payable?
- Account payable is a noun.
- What is the plural of account payable?
- The plural of account payable is accounts payable.
Words near account payable in the dictionary
Source and license
Adapted from Wiktionary: account payable (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “account payable.” Word.ws, https://word.ws/account_payable. Based on Wiktionary, CC BY-SA 4.0.
