Accounts payable (AP) accounts for the amount of a company's short-term debt to suppliers incurred from purchasing goods or services in credit. On the balance sheet, accounts payable is under the ...

Accounting for turnover is often a useful practice in small-business management. Turnover is simplistic, but it provides a straight-forward way of assessing the efficiency of a business.

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Payables Turnover The company seems to be enjoying the credit period granted by the suppliers to the full extent. Except during 1999 - 2000 and 2001 - 2003 (when the payable period exceeded the ...