accounts
21Accounts payable — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
22accounts payable — is money you owe to suppliers and other business creditors as a result of purchases of stock and other expenses such as overheads and taxes. Glossary of Business Terms A category of liabilities that represents funds due to creditors. Usually,… …
23accounts receivable — a record of what is owed to you. All of the credit accounts the record of what each customer owes you taken together are your accounts receivable . Glossary of Business Terms An asset account that reflects amounts due from private persons or… …
24Accounts payable — Money owed to suppliers. The New York Times Financial Glossary * * * accounts payable accounts payable ➔ payable * * * accounts payable UK US noun ► [plural] also UK creditors, also US payables) ACCOUNTING the amounts in a company s accounts that …
25Accounts Payable Subsidiary Ledger — An accounting ledger that shows the transaction history and amounts owed separately for each supplier from whom the business receives credit for purchases. The balance in the customer accounts is periodically reconciled with the accounts payable… …
26Accounts Payable Turnover Ratio — A short term liquidity measure used to quantify the rate at which a company pays off its suppliers. Accounts payable turnover ratio is calculated by taking the total purchases made from suppliers and dividing it by the average accounts payable… …
27Accounts receivable — Money owed by customers. The New York Times Financial Glossary * * * accounts receivable accounts receivable ➔ receivable * * * accounts receivable UK US noun [plural] also UK debtors, also US receivables) ACCOUNTING ► the amounts in a company s… …
28Accounts Receivable Aging — A periodic report that categorizes a company s accounts receivable according to the length of time an invoice has been outstanding. Accounts receivable aging is a critical management tool as well as an analytic tool that helps determine the… …
29Accounts Receivable Subsidiary Ledger — An accounting ledger that shows the transaction and payment history separately for each customer to whom the business extends credit. The balance in each customer account is periodically reconciled with the accounts receivable balance in the… …
30Accounts Payable - AP — An accounting entry that represents an entity s obligation to pay off a short term debt to its creditors. The accounts payable entry is found on a balance sheet under the heading current liabilities. Accounts payable are often referred to as… …
