current liability

Tag: current liability

Accounts Payable

See Also: Account Reconciliation Accounts Payable Turnover Cost Volume Profit Definition Accounts Receivable Accounts Receivable Turnover Unearned Revenue Accounts Payable Definition The accounts payable definition is a current liability account on the balance sheet. The account represents the company’s short-term financial obligations to creditors and suppliers – goods and services the company has already received

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