For example, if a restaurant orders ingredients from a food distributor with a payment term of 60 days, the invoice would be categorized under accounts payable until the restaurant settles the bill.

Some examples of short-term entries that might be recorded under accounts payable include raw materials, supplies, equipment, power and electric bills, transportation and service costs.

Accounts payable represent debts that must be paid off within a given period, usually a short-term one (under a year). Generally, they involve expenditures related to business operations .

It still owes $100,000 on credit cards, accounts payable and miscellaneous creditors. However, your company only has $30,000 available for payment. To be equitable, you pay each creditor $0.30 of ...

Accounts payable shows what your company purchased on credit, also known as "on terms." If a vendor bills you and requires payment within 30 days, this bill becomes a payable.

Bills payable is a synonym of accounts payable, or short-term borrowing by banks from other banks. Skip to content. News ... causing the bank to go under unless emergency measures are taken.