Accounts payable definition, examples, and how it works

account payable Is accounts payable an expense? No The main difference between accounts payable and expenses is how they are recorded on a company's financial

Accounts Payable refers to a business's obligations to suppliers and creditors for purchases made on an open account It specifically refers to any amounts owed account Trades payable refers to the money you owe vendors for inventory-related goods — for example, business supplies or inventory On the other hand,