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IAS – International Accounting Standards; IB – Investment banking; IBAN – International Bank Account Number; ICB – Industry Classification Benchmark; ICRM – Innovative Customer Relationship Management; IE – Interest expense; IFRS – International Financial Reporting Standard; ILCLP – IdentLogic Systems Customer Loyalty Program
Suppliers offer various payment terms for an invoice. Payment terms may include the offer of a cash discount for paying an invoice within a defined number of days. For example, 2%, Net 30 terms mean that the payer will deduct 2% from the invoice if payment is made within 30 days. If the payment is made on Day 31 then the full amount is paid.
Importance of Accounts Payable. Accounts payable represent short-term debt obligations. While terms can vary, accounts payable typically need to be paid for within 30 days.
Lists of acronyms contain acronyms, a type of abbreviation formed from the initial components of the words of a longer name or phrase. They are organized alphabetically and by field. They are organized alphabetically and by field.
Pages in category "Accounts payable" ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Acronyms are created to shorten long phrases and speed up communication, much like abbreviations and initialisms. While these terms are similar, they do have distinct differences to note.
Liability accounts are used to recognize liabilities. A liability is a present obligation of an entity to transfer an economic benefit (CF E37). Common examples of liability accounts include accounts payable, deferred revenue, bank loans, bonds payable and lease obligations. Equity accounts are used to recognize ownership equity. The terms ...
Account (bookkeeping) Accounting equation; Accounting period; Accounts payable; Accounts receivable; Accrual; Accrued liabilities; Added value; Adjusted basis; Adjusting entries; Amortization (accounting) Asset