Accounts Payable is a current liability recognized on the balance sheet to measure the unpaid bills owed to suppliers and vendors for products or services received but paid for on credit, rather than cash. Accounts payable (AP) refers to the obligations incurred by a company during its operations that remain due and must be paid […]
Monthly Archives: August 2021
Using those assumptions, we can calculate the accounts payable turnover by dividing the Year 1 supplier purchases amount by the average accounts payable balance. Investors can use the accounts payable turnover ratio to determine if a company has enough cash or revenue to meet its short-term obligations. Creditors can use the ratio to measure whether […]
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