Accounts Payable Explained: Liability vs. Expense in Business

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...
Houston Chronicle

What Happens to a Firm's Net Worth as It Uses Cash to Repay Accounts Payable?

A company's net worth equals its total assets minus its total liabilities. Each of these three items represents a section of the balance sheet. Assets are a company's resources, such as inventory and ...
Investopedia

Accrued Expenses vs. Accounts Payable: What’s the Difference?

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Accounting Spreadsheet Example for Businesses

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.