Account payable


a liability to a creditor, carried on open account, usually for purchases of goods and services.
noun
(accounting, US) a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit

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  • Account to

    an oral or written description of particular events or situations; narrative: an account of the meetings; an account of the trip. an explanatory statement of conduct, as to a superior. a statement of reasons, causes, etc., explaining some event. reason; basis: On this account I’m refusing your offer. importance; worth; value; consequence: things of no […]

  • Account representative

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    the state of being , liable, or answerable. Education. a policy of holding schools and teachers for students’ academic progress by linking such progress with funding for salaries, maintenance, etc. n. 1770, from accountable + -ity. Earlier was accountableness (1660s).

  • Accountability

    the state of being , liable, or answerable. Education. a policy of holding schools and teachers for students’ academic progress by linking such progress with funding for salaries, maintenance, etc. Contemporary Examples It seeks the rule of law and accountability, not the rule of a supreme leader or a divinely-chosen Imam. Egypt’s President Mubarak Plays […]


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