Accounts payable
Money you owe suppliers for goods or services already received.
Accounts payable in round numbers
Hypothetical: a company receives alloy with an invoice for US$4,000, payable in 30 days. The unpaid US$4,000 invoice is accounts payable; the amount measures money owed, not alloy volume. Hanil carries 6.1m of payables inside 18.5m of total liabilities.
Scroll horizontally to read all columns.
| Assets | Liabilities and equity | ||
|---|---|---|---|
| Cash | 4.20m | Accounts payable | 6.10m |
| Accounts receivable | 7.90m | Accrued expenses | 1.70m |
| Inventory | 4.70m | Total current liabilities | 7.80m |
| Total current assets | 16.80m | Long-term debt | 10.00m |
| Property, plant and equipment | 2.30m | Other non-current liabilities | 0.70m |
| Land | 11.00m | Total liabilities | 18.50m |
| Deposits and other | 2.00m | Owners’ equity | 13.60m |
| Total assets | 32.10m | Total liabilities and equity | 32.10m |
Terms Related to Accounts payable
Accounts receivable · Inventory · Working capital · Balance sheet · All of the glossary