Accounts payable - Kaikakekin (English spelling) accounts payable

Japanese: 買掛金 - かいかけきん（英語表記）accounts payable

It refers to unpaid business payments incurred based on normal transactions with suppliers. Therefore, unpaid liabilities from purchasing goods in the sales industry and raw materials and parts in the manufacturing industry are shown as accounts payable. In contrast, unpaid liabilities arising from non-normal transactions, such as the purchase of fixed assets and securities, are handled and distinguished under the account heading of accounts payable. Accounts payable that arise within the normal course of business are treated as current liabilities, regardless of the length of the payment deadline, and the operating cycle standard is applied. Also, accounts payable to affiliated companies are shown separately from general accounts payable as accounts payable to affiliated companies from the standpoint of clear presentation. The account in which such increases and decreases in accounts payable are recorded is called the accounts payable account, and when accounts payable to a supplier arise, they are recorded on the credit side, and when accounts payable are extinguished by payment of the price, etc., they are recorded on the debit side.

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

仕入先との通常の取引に基づいて発生した営業上の代金の未払分をいう。したがって販売業における商品の仕入れ，製造業における原材料や部品の仕入れによる未払債務は買掛金として表わす。これに対して固定資産や有価証券の購入など通常の取引以外によって生じた未払債務は未払金という勘定科目で処理し区別される。正常な営業過程内で発生する買掛金は支払期限の長短に関係なく，営業循環基準が適用され，すべて流動負債として扱われる。また関係会社に対する買掛債務は，明瞭表示の見地から関係会社買掛金として一般の買掛金とは区別して表示される。このような買掛金の増減を記入する勘定を買掛金勘定といい，仕入先に対し買掛債務が発生した場合は貸方に，また代金支払いなどにより買掛債務が消滅した場合は借方に記入される。

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