AP Account Payable refers to the amount owed by a company to its suppliers or vendors for goods or services received.

• AP Account Payable is a liability on the company's balance sheet.

• It represents the ...read more

Account payable AP is a short term debt and a liability on a balance sheet where a business owes Money to its vendors supplies that have provided the bussines with goods or services on credit

Accounts payable is that the company owes money of suppliers for received goods and serviceson credit which have to pay in future and its considered as a liability in balancesheet.