Accounts Payable

What are Accounts Payable?

Accounts Payable represent the amounts due to suppliers of goods and/or services used in a company’s operations. They are generally not interest-bearing. They mainly remain unpaid at the prior fiscal period-end and are expected to be paid within the current period.

What do Accounts Payable include?

• Due to contractors;
• Book overdrafts;
• Acceptance credits;
• Group-related notes or bills of exchange; and
• Trade payables, accrued expenses and other payables (when combined and non-separable).