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Bank of America Corporation's quarterly accounts payable declined from Jun. 2013 ($139,033 Mil) to Sep. 2013 ($134,598 Mil) but then increased from Sep. 2013 ($134,598 Mil) to Dec. 2013 ($135,662 Mil).
Bank of America Corporation's annual accounts payable declined from Dec. 2011 ($123,049 Mil) to Dec. 2012 ($0 Mil) but then increased from Dec. 2012 ($0 Mil) to Dec. 2013 ($135,662 Mil).
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Bank of America Corporation Annual Data
Bank of America Corporation Quarterly Data