toward the payable of

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Senior Member
Dear all
in the following context, from an accounting sheet:
They pay Tech Suppliers $3400 cash ­toward the payable of transaction L1.
Does that phrase mean " as part of the due price of"?

Thanks in Advance.
  • Bevj

    Allegra Moderata (Sp/Eng, Cat)
    English (U.K.)
    It is not correct English, I'm afraid.
    It presumably means 'towards the total payable of.....' or something similar, but as written it doesn't make sense.
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