A
payable account is a type of account that represents the money a business owes to someone else, such as suppliers or creditors. It's an amount that needs to be paid by a company in the future for goods or services received.
Full definition
Synonyms for individual words can be found below.
«payable»
«account»
Sentences with «payable account»
- The only apparent drawback of this arrangement is a dramatic increase in accounts payable account, which shows up on the balance sheet as a short - term liability. (thebalance.com)
- Credit the same amount to the interest payable account in the same entry. (smallbusiness.chron.com)
- Maybe, at the maximum, there is a 5 % to 10 % equity in the deferred tax payable account. (mjwhitman.pressbooks.com)
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sentences)