Accounts payable are debts you incur based on your credit. Suppliers may offer you a discount for paying early or within terms. For example, a vendor might allow you 30 days to pay the invoice in full ...

A business is constantly buying things: supplies, inventory, raw materials, equipment. While some businesses transact only in cash, most purchase on credit, which requires an entry to accounts payable ...

Another company, another accounting scandal. This time it's a Dutch business with a $500m (£317m) hole in the accounts of its US subsidiary. And this time experts say we could soon see similar cases ...