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Accounts Payable (AP) Definition - Investopedia
https://www.investopedia.com/terms/a/accountspayable.asp
Nov 17, 2003 · "Accounts payable" (AP) refers to an account within the general ledger that represents a company's obligation to pay off a short-term debt to its creditors or suppliers. Another common usage of...
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Accounts Payable (AP): Definition and How It Works
https://www.indeed.com/career-advice/career-development/what-is-accounts-payable
Feb 04, 2020 · Accounts payable is what a company owes to suppliers or vendors for received goods or services. The term accounts payable refers to the individual balance sheet account that tracks the short-term debts for business goods and services bought on credit as well as to the business department responsible for repaying these short-term debts.
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Account payable Definition & Meaning - Merriam-Webster
https://www.merriam-webster.com/dictionary/account%20payable
May 01, 2022 · Definition of account payable. : the balance due to a creditor on a current account.
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Accounts Payable: Definition, Example, and Journal Entry
https://quickbooks.intuit.com/global/resources/accounting-and-bookkeeping/accounts-payable/
Jan 19, 2021 · Accounts payable refers to the money your business owes to its vendors for providing goods or services to you on credit. Typically, these are the short-term debt that you owe to your suppliers. In other words, the total amount outstanding that you owe to your suppliers or vendors comes under accounts payable.
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Accounts payable definition — AccountingTools
https://www.accountingtools.com/articles/accounts-payable
Mar 06, 2022 · Accounts payable is the aggregate amount of one's short-term obligations to pay suppliers for products and services that were purchased on credit.
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What is Accounts Payable? (Definition and Example) - Bench
https://bench.co/blog/accounting/accounts-payable/
Jul 25, 2019 · Accounts payable are funds you owe others—they sent you an invoice that is still “payable” by you. Accounts payable are usually due within 30 days, and are recorded as a short-term liability on your company’s balance sheet. Only accrual basis accounting recognizes accounts payable (in contrast to cash basis accounting).
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What Is Accounts Payable? What Is The Process And What …
https://www.freshbooks.com/hub/accounting/accounts-payable
Jun 16, 2022 · Accounts Payable is on a company’s balance sheet as a current liability and is a collection of short-term credits extended by vendors and creditors for good and services received by a business. An AP department also takes care of internal payments for business expenses, travel and petty cash.
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