Meaning of the word "accounts payable" in English
What does "accounts payable" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
accounts payable
US /əˌkaʊnts ˈpeɪəbl/
UK /əˌkaʊnts ˈpeɪəbl/
Noun
1.
money owed by a business to its suppliers shown as a liability on a company's balance sheet
Example:
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We need to process the accounts payable by the end of the week.
•
Managing accounts payable efficiently is crucial for cash flow.
Synonym:
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