Business Accounting and Bookkeeping
Accounts Payable

What is a trade accounts payable?

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2007-10-18 15:27:26
2007-10-18 15:27:26

It is the liability on an open account for the purchase of a commodity or service used in the regular course of business.

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Related Questions


Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.


No Electricity account is non-trade accounts payable as trade accounts payable are those suppliers only from which company purchase supplies for sale purpose.


Trade payables, or accounts payable, are categorised under Current Liabilities in the balance sheet.


A trade payable is another term referred to as an account payable. Most companies have an accounts payable department responsible for making sure money is paid to other parties that the company received a service from.




Weighted Average Accounts payable = Opening period accounts payable + closing period accounts payable divided by 2 Example: Opening Accounts payable = 10000 Closing accounts payable = 20000 Average = 30000/2 = 15000


are accounts payable accounts that expect will be paid to u


When an item is purchased on credit accounts payable increases. For example if you purchase something for $250 on credit this is the entry to increase accounts payable. Purchases 250 Accounts Payable 250 When you pay for your purchases it will decrease accounts payable. Accounts Payable 250 Cash 250


Accounts receivable is the term for amounts due, while accounts payable are owed.While this is the "opposite" of accounts payable, it is NOT an antonym.


Accounts Payable is a liability. Accounts receivable is an asset.


Accounts Payable has a credit balance.


Accounts payable is a liability account.


[Debit] Accounts payable [Credit] Cash / bank


Yes Accounts payable is a variable cost.


An accounts payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe".ALL payable accounts are liabilities no matter what they are for. Whether it is a bill payable, mortgage payable, note payable, wages payable, etc, they are all listed as a liability.



The accounts payable is part of a company's accounting department. Accounts payable makes payments to outside firms that supplies it with a service or product.


An accounts payable is a "Liability" account. Payable being the "key" word, meaning something you have to "Pay" or "Owe". ALL payable accounts are liabilities no matter what they are for. Whether it is a bill payable, mortgage payable, note payable, wages payable, etc, they are all listed as a liability. Rahul


accounts payable is account in balance sheet




Liability Accounts record obligations of a business towards its creditors. Examples of liability accounts are Accounts Payable, Interest Payable, Wages Payable. These accounts appear on the balance sheet.


Accounts payable is a liability account and all liability accounts have credit balance as normal balance so accounts payable is also credit as a normal balance


Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.



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