Accounts Payable Department: Why It’s Important and How to
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WebOct 7, 2020 · Accounts payable are recorded on the company’s balance sheet as a summarized total of all accounts payable. In the balance sheet equation, Assets = Liabilities + Equity. Using the example above, the balloons are assets, and the bill for them is a liability. 7 Ways to Organize Your Accounts Payable Department . Get the right …
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