accounts payable

accounts payable
index bill (invoice)

Burton's Legal Thesaurus. . 2006


accounts payable
Money owed by a business to suppliers, vendors, employees, banks, landlords, and other creditors. On a company's balance sheet, accounts payable are categorized as liabilities.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

accounts payable
n.
   bills that are owed.
   See also: debt

Law dictionary. . 2013.

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Look at other dictionaries:

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  • Accounts Payable - AP — An accounting entry that represents an entity s obligation to pay off a short term debt to its creditors. The accounts payable entry is found on a balance sheet under the heading current liabilities. Accounts payable are often referred to as… …   Investment dictionary

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  • accounts payable — *Short term, invoiced liabilities owed for the supply of goods or services. Accounts payable balances are classified as a *current liability in the *balance sheet. Further reading: Banks (2001) …   Auditor's dictionary

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