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Account Payable Meaning In Bengali
Account Payable শব্দের বাংলা অর্থ কি: প্রদেয় অ্যাকাউন্ট
Account Payable
Definition
1) Account Payable is a liability on a company's balance sheet representing an amount owed by the company to its suppliers or vendors for goods and services purchased on credit.
2) Account Payable refers to the amount of money a company owes to its creditors or suppliers for goods and services provided on credit terms.
3) Account Payable is a financial obligation that must be fulfilled by a company within a specified period, usually 30 to 90 days, as part of its normal business operations.
Examples
Account Payable Example in a sentence
1) The account payable department ensures all invoices are processed accurately and on time.
2) The company's financial statements include a section for account payable balances.
3) The account payable clerk inputted the vendor invoices into the system for payment.
4) It is essential to maintain a good relationship with suppliers to manage account payable effectively.
5) The account payable aging report showed outstanding balances that needed attention.
6) The CFO reviewed the account payable ledger to assess the company's financial obligations.
7) Incorrect entries in the account payable system can lead to discrepancies in financial records.
8) The account payable team reconciled vendor statements to ensure accuracy in the records.
9) The I.T. department updated the account payable software to improve efficiency in processing payments.
10) The auditor examined the account payable records to verify the accuracy of financial transactions.
Synonyms
Encyclopedia
Account Payable is a liability on a company's balance sheet representing an amount owed by the company to its suppliers or vendors for goods and services purchased on credit.
Account Payable refers to the amount of money a company owes to its creditors or suppliers for goods and services provided on credit terms.
Account Payable is a financial obligation that must be fulfilled by a company within a specified period, usually 30 to 90 days, as part of its normal business operations.
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