A business example
A retailer receives a ₹70,000 supplier invoice and pays ₹25,000 against it.
Supplier invoice
₹70,000 is recorded as payable for goods received.
Part payment
The ₹25,000 payment reduces the supplier balance.
Balance due
₹45,000 remains payable under the agreed terms.
What this shows
The unpaid balance is a liability even though some cash has already left the bank. The example excludes tax and other adjustments.
What it is often confused with
A payable is different from a purchase order for goods that have not yet been received.
What to look at in your business
Match supplier statements, invoices, receipt evidence and payment records.
Context and further reading
This entry explains the business term. The related guide below provides the next layer of context; any applicable legal test depends on the transaction and relevant period.
Kosha.Services · Updated 2 October 2026