{"id":10498,"date":"2023-10-18T11:32:20","date_gmt":"2023-10-18T06:02:20","guid":{"rendered":"https:\/\/www.tickertape.in\/glossary\/?p=10498"},"modified":"2023-10-18T11:32:22","modified_gmt":"2023-10-18T06:02:22","slug":"accounts-payable","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/glossary\/accounts-payable\/","title":{"rendered":"Accounts Payable – Meaning, Types, Example, and More!"},"content":{"rendered":"\n

Accounts payable refers to short-term payments owed by a business to its suppliers, which are shown as a liability<\/a> on a company\u2019s balance sheet. For example, if a company purchases goods or raw materials on credit which needs to be paid back in a short period of time, it is called accounts payable. In essence, accounts payable are the sum of all amounts owed to vendors. <\/p>\n\n\n\n

For business accounts payable management is critical for managing a business\u2019s cash flow. Therefore, in order to run a business efficiently, we have explored deeper into the concept of accounts payable to understand its meaning, types and the accounts payable processes<\/p>\n\n\n\n

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You will Learn About: <\/p>\n<\/i><\/a><\/span><\/div>\n