What is an account payable?
An account payable is an obligation to a supplier or vendor for goods or services that were provided in advance of payment. To illustrate an account payable let's assume that Joe's Plumbing Service provides XCorp with repair services on August 29 and agrees to bill XCorp. On August 31 XCorp receives an invoice from Joe's […]
Sent from Rebecca Parrott Tatum, CPA's iPhone
No comments:
Post a Comment