Categories
Investments glossary

Accounts Payable (AP)

Spread the love


Quotes of the day:

It is especially important to encourage unorthodox thinking when the situation is critical At such moments every new word and fresh thought is more precious than gold. Indeed, people must not be deprived of the right to think their own thoughts.

— Boris Nikolayevich Yeltsin

Accounts payable (AP) is 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 AP refers to the business department or division that is responsible for making payments owed by the company to suppliers and other creditors.



We uses YouTube API Services.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply