Ericsson Accounts Payable Analyst Interview Questions and Answers

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

• Accounts payable is a liability on the balance sheet

• It represents the company's obligation to pay off short-term debts

• AP is typically recorded when an invoice is received from a supplier

• Common examples include utility bills, office supplies, and inventory purchases