accounts payable
Word Rarity
Rare
Frequency: 3.48 in modern English
26
Scrabble Score
15
Letters
3
Syllables
12
Unique Chars
Meaning
noun
The total amount of money that is owed by a customer to its suppliers of goods and services and is counted by the customer as a current unpaid debt.
noun
Example Sentences
- "When such a practice is to be followed, two methods may be employed: (1) accounts payable may be reported net or (2) accounts payable may be reported at the gross invoice price with a payable offset balance or liability valuation account reporting the purchases discounts available."
- "Cost of goods sold are divided by the accounts payable to get the payables turn ratio."
- "Masters, with accounts payable averaging 2,296 livres (median = 1,008) were far more heavily indebted than the faubourg bakers (712 and 320 livres)"