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    • CommentAuthorpritam
    • CommentTimeJan 12th 2010 edited
     
    account payable is also know as the payable that means sundry creditor
  1.  
    Ya you are rite but we can also define this term as :account payable is the obligation that a business owes to its creditors for buying goods or services. It is the unpaid invoices, bills, or statements for goods or services rendered by outside contractors, vendors or suppliers.

    Hope so you will agree with this point!



 

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