Account payable meaning in oriya

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

credit ଣରେ କିଣାଯାଇଥିବା ଦ୍ରବ୍ୟ ଏବଂ ସେବା ପାଇଁ କେତେ ow ଣ ଅଛି ତାହା ଦର୍ଶାଉଥିବା ଏକ ଦାୟିତ୍ account ଖାତା |

payable (ଦେୟଯୋଗ୍ୟ)

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

ସାମ୍ପ୍ରତିକ ଆକାଉଣ୍ଟରେ ଏକ itor ଣଦାତା ହେତୁ ଏକ ବାଲାନ୍ସ |

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.