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Accounts Payable Meaning In Bengali
Accounts Payable শব্দের বাংলা অর্থ কি: পরিশোধযোগ্য হিসাব
Accounts Payable
হিসাবের পরিশোধযোগ্য অংশ
Definition
1) **Finance and Accounting Definition**: Accounts Payable is a liability account in a company's general ledger that records the amount the company owes to its suppliers or vendors for goods or services purchased on credit. It represents the company's short-term obligations to pay off its creditors.
2) **Business Management Definition**: Accounts Payable is the department within a company that is responsible for processing invoices received from suppliers and ensuring that payments are made accurately and on time. This department maintains records of all financial transactions related to the company's outstanding debts.
3) **Small Business Definition**: Accounts Payable refers to the outstanding bills or invoices that a small business owes to its suppliers or vendors for goods or services purchased on credit. Proper management of accounts payable is crucial for maintaining healthy relationships with suppliers and ensuring the company's financial stability.
Examples
Accounts Payable Example in a sentence
1) The company's Accounts Payable department is responsible for managing all vendor invoices.
2) The Accounts Payable clerk entered the new invoices into the system for processing.
3) It is crucial to maintain accurate records of Accounts Payable for financial reporting.
4) We need to reconcile the Accounts Payable ledger with the vendor statements.
5) The Accounts Payable aging report showed several overdue invoices.
6) The Accounts Payable manager approved the payment for the outstanding bills.
7) The Accounts Payable system allows for efficient tracking of all expenses.
8) The Accounts Payable team works diligently to ensure timely payment to vendors.
9) Auditors review the Accounts Payable records to verify the accuracy of financial transactions.
10) Effective communication between departments is essential for smooth Accounts Payable processing.
Synonyms
Accounts Payable - (SYNONYM) হিসাবের পরিশোধযোগ্য অংশ
Encyclopedia
**Finance and Accounting Definition**: Accounts Payable is a liability account in a company's general ledger that records the amount the company owes to its suppliers or vendors for goods or services purchased on credit. It represents the company's short-term obligations to pay off its creditors.
**Business Management Definition**: Accounts Payable is the department within a company that is responsible for processing invoices received from suppliers and ensuring that payments are made accurately and on time. This department maintains records of all financial transactions related to the company's outstanding debts.
**Small Business Definition**: Accounts Payable refers to the outstanding bills or invoices that a small business owes to its suppliers or vendors for goods or services purchased on credit. Proper management of accounts payable is crucial for maintaining healthy relationships with suppliers and ensuring the company's financial stability.
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