Accounts Payable
Accounts payable definition
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
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
Accounts payable decrease when the company repays to cash owed to its suppliers.
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