Accounts payable represents money a company owes to suppliers for goods or services bought on credit. Effective management of accounts payable helps maintain cash flow and build supplier relationships ...

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Accounts payable are the amounts a business owes its suppliers for purchases made on credit. Accounts payable payment period measures the average number of days it takes a business to pay its accounts ...

Accounts payable and payroll are both expense accounts that decrease a company's assets in an attempt to increase revenue for the business. These accounts are generally used by an accountant or the ...