Ready to be paid One of the standard accounts kept by a bookkeeper is "accounts payable " This is a list of those bills that are current and due to be paid
An amount owed by the University for goods or services received during a specific period Payables are shown on the balance sheet as current liabilities They are also known as accounts payable A supplier invoice received by the University is a payable, or debt
If a cheque or postal order is made payable to you, it has your name written on it to indicate that you are the person who will receive the money. Write, enclosing a cheque made payable to Cobuild Limited