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Home > Accounts payable

Business organizations which have become too large to perform such tasks by hand (or who prefer not to do them by hand) will generally use accounting software on a computer to perform this task. Accounts payable is classified as a liability account and as such normally has a credit balance.

Other types of accounting transactions include accounts receivable, payroll, and trial balance.

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Topics: Accounts Payable Accounting Transactions Hand Suppliers Task...

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Accounts payableAccounts payable is one of a series of accounting transactions dealing with the paying of suppliers to which one owes money for goods and services. The average household performs this task by writing checks each month to such suppliers as the electric com Accounts receivableAccounts receivable is one of a series of accounting transactions dealing with the billing of customers which owe money to a person, company or organization for goods and services that have been provided to the customer. This is typically done in a one pe Accounts of pre-mortal existenceThe story of pre-history in the oral history of the Roman Catholic Church, goes something like this: Before the Earth was made, there was only God and angels. The most glorious angel became envious of God and asked to be made like Him. God said no. The an