accounts payable (ap)
41account payable — pl. accounts payable. a liability to a creditor, carried on open account, usually for purchases of goods and services. [1935 40] * * * Any amount owed as the result of a purchase of goods or services on a credit basis. Although a firm making a… …
42After-Tax Payable Period — The average period that a company has between receiving goods and paying its suppliers for the goods, utilizing after tax accounts payable and cost of sales values. The value is generally determined either quarterly or yearly, thereby… …
43account payable — noun a liability account showing how much is owed for goods and services purchased on credit the problem was to match receivables and payables in the same currency • Syn: ↑payable • Hypernyms: ↑indebtedness, ↑liability, ↑financial obligation * *… …
44account payable — account pay·able / pā ə bəl/ n pl accounts payable: the balance due to a creditor on a current account Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. account payable …
45Days Payable Outstanding - DPO — A company s average payable period. Calculated as: Notice that the formula may also be written as: accounts payable / (cost of sales/number of days). DPO is an indicator of how long a company is taking to pay its trade creditors. DPO is typically …
46Days payable outstanding — (DPO) is an efficiency ratio that measures the average number of days a company takes to pay its suppliers. The formula for DPO is: where ending A/P is the accounts payable balance at the end of the accounting period being considered and COGS/day …
47Bills Payable — Similar to accounts payable, this term is used to describe a bank s indebtedness to other banks, principally a Federal Reserve Bank, that is backed by collateral consisting of the bank s promissory note and a pledge of government securities. In… …
48account payable — n. pl. accounts payable the amount owed by a business to a creditor, usually for goods or services …
49account payable — noun (plural accounts payable) Date: circa 1936 the balance due to a creditor on a current account …
50account payable — account′ pay′able n. pl. accounts payable bus a liability to a creditor, usu. for purchases of goods and services • Etymology: 1935–40 …
