Accounts Payable - Roles & Responsibilities

account payable Accounts payable , or trade payable, is money owed to others for products or services the company has purchased on credit

Accounts payable, being a current liability, directly affects net working capital An increase in accounts payable boosts current liabilities, thereby reducing autodesk account Accounts payable is both a debit and a credit For double-entry bookkeeping, the accounts payable department receives an invoice which gets