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Accounting
Banking

Total Current Liabilities

The aggregate amount of an entity’s obligations that will be settled (paid off) using current assets. That is, the sum…

GL

It’s stands for general ledger; a bookkeeping ledger in which accounting figures (related to transactions and events) are recorded as…

General Ledger

A bookkeeping ledger in which accounting figures (related to transactions and events) are recorded as derived from journals and aggregated…

Accounts Payable Turnover Ratio

A financial ratio that relates the cost of goods sold to accounts payable. This ratio is calculated by dividing the…

Current Liability

A liability that includes all debts that fall due within one year or during a firm’s operating cycle. Namely, current…

Payables

Accounts payable, abbreviated as A/P or just payables, refer to the unpaid bills of a firm. That is, the short-term...

A/Ps

Accounts payable, abbreviated as A/P or just payables, refer to the unpaid bills of a firm. That is, the short-term...

Accounts Payable

Accounts payable, abbreviated as A/P or just payables, refer to the unpaid bills of a firm. That is, the short-term...