Business A-Level
payables
What payables means in Business A-Level, as defined for AQA.
Definition of payables
Check what you remember
Read the wording for your board, then hide it and explain payables in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The money owed to suppliers, where a delivery bought on credit is a cost today and cash later.
Topics that use payables
- Analysing financial performance (AQA A-Level)
Related terms
- break-even output
- cash flow forecast
- contribution per unit
- contribution squeeze
- credit terms
- data reliability
- forecast risk
- gross profit margin
Using payables in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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