On Monday, April 10, 2017, starting at 6:30 pm, at the Wallingford Town Hall, 75 School Street, Wallingford, the DRB will convene a Special Meeting to continue a Deliberative Session on Application 17-04 by MT Associates, dba Midway Oil Corp., for an illuminated wall sign.
In turn, the general ledger accounts receivable control account reflects the sum of the transactions in the subsidiary ledger, or a debit balance of $20,000. The accounts payable subsidiary ledger contains the accounts of each vendor that makes credit sales to the company. The sum of all vendor account balances in the accounts payable subsidiary ledger is equal to the balance of the general ledger accounts payable control account.
Definition of 'accounts payable'. accounts payable in Accounting (ÉkaÊnts peÉªÉbÉl) or AP. noun. ( Accounting : Financial statements , Balance sheet ) A company's accounts payable are all the money that it owes to other companies for goods or services that it has received, or a list of these companies and the amounts owed to them. 1  On the liabilities side, the accounts payable to suppliers, wages payable to employees, and taxes payable are current liabilities.