Accounts Payable Current Affairs, GK & News

Accounts Payable

A current liability showing the amounts due to others within a period of one year when such liability resulted from the purchase or manufacturing of inventory.

India’s first UPI Bahi Khata for merchants launched by BharatPe

BharatPe has launched India’s first UPI Bahi Khata for merchants, which allows merchants to record their cash/ credit (udhar) sales customer wise, request accounts receivable from customers via SMS payment links, and keep track of accounts payable to suppliers, among other services. It also serves as a networking platform for merchants to connect and collaborate ..

Topics: Accounts Payable • Accounts receivable • Asset • Business • Debits and credits • Economy • Service industries