Accounts Payable
18 January 2010 by bbu09 Add a comment
Topics: BeaBu Glossary > A
Tags: accounting, accounts payable, payables, source of financing, working capital
Accounts payable as an accounting term represent all money owed to the company’s suppliers. Accounts payable are one of the company’s sources of financing and influence the company‘s working capital.
Accounts payable increase when the company buys materials and other things used in its operational activity without paying for them in cash at that moment.
Accounts payable decrease when the company repays the cash owed to its suppliers.
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Topics: BeaBu Glossary > ATags: accounting, accounts payable, payables, source of financing, working capital