What is accounts payable?

AnswerBot
8mo

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

  • Accounts payable represents a company's short-term debt obligations to its ...read more

phenomenolbeing
10mo
ex -
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 ...read more
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