Non-trade accounts payable refers to the amount of money a company owes to entities other than its regular suppliers or vendors for goods or services. Unlike trade accounts payable, which are associated with the purchase of goods or services directly related to the core business operations, non-trade accounts payable involve obligations to other parties that are not directly tied to the primary business activities. These non-trade payables are usually recorded as liabilities on the company's balance sheet until they are paid. Managing non-trade accounts payable is crucial for maintaining good financial health and ensuring that the company meets its obligations to various stakeholders, even if these obligations are not directly linked to the production or procurement of goods and services for resale.

Learning Outcomes:
1. To understand what the roles and responsibilities and the importance of Accounts Payable (Non-trade)