December 22, 2014 Account Payable Account Payable: a record of all short-term (less than 12 months) invoices, bills and other liabilities yet to be paid. Examples of accounts payable include invoices for goods or services, bills for utilities and tax payments due. Related Posts Who is supposed to have a tax audit in India? Budget 2021: Changes in Income Tax Meet your client’s expectation with #KDKGST About The Author Neha Parnami Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment:*Name:* Email Address:* Website: This site uses Akismet to reduce spam. Learn how your comment data is processed.