An account payable represents an amount a company owes to a vendor or supplier.?

Question: An account payable represents an amount a company owes to a vendor or supplier.?

Yes, it is true that an account payable represents the amount that is payable by a company to a seller or any other supplier. It means that the receiver of any given amount represents that amount. The type of company that is payable to that vendor or that supplier. Account payable means the account from which the money comes, or the account from which the money comes. Similarly, in a company only the buyers of that company can fulfill its needs.