When it comes to building out a balance sheet, an organization’s accounts payable come into play. As you work through a balance sheet, you’ll need to determine whether accounts payable are an asset or ...

Accounts payable and payroll are both expense accounts that decrease a company's assets in an attempt to increase revenue for the business. These accounts are generally used by an accountant or the ...

"Accounts payable" and long-term debt are accounting terms referring to specific entries on the balance sheet of a business. Although, both represent funds owed by your business, knowing the ...