Account payable meaning in hindi

a liability account showing how much is owed for goods and services purchased on credit

एक देयता खाता दिखाता है कि क्रेडिट पर खरीदी गई वस्तुओं और सेवाओं के लिए कितना बकाया है

payable (देय)

1. A balance due to a creditor on a current account.

एक चालू खाते पर एक लेनदार के कारण शेष राशि।

1. After delivery, sellers issue an invoice, recorded as an account receivable by the seller and an account payable by the buyer.

2. If a company, for example, purchases $500 in raw materials from its supplier on credit, the company incurs a $500 account payable.

3. Until that time, the amount is held as an account payable and added to the current liabilities of your business. When an outstanding expense is paid, the payment amount is subtracted from a cash account and removed from the accounts payable.