What is Account payable & explain it?

Accounts payable is money owed by a business to its suppliers shown as a liability on a company’s balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

linkremoval Trainee Asked on October 30, 2014 in Accounting.
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you have defined your query at your own

swatisood Trainee Answered on November 20, 2014.
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